TUI AG: TUI Group - Completion of further Aircraft sale and leaseback agreement with BOC Aviation Limited

TUI Group - Completion of further Aircraft sale and leaseback agreement with BOC Aviation Limited

 

Hannover, 30.10.2020. TUI Group confirms the signing of a further sale and leaseback ("SLB") agreement with BOC Aviation Limited for two new Boeing 737 MAX-8 aircraft for the aggregate sum of $90m (~€76m).

 

The two new aircraft are expected to be delivered during Winter 20/21, in line with our newly agreed deferred re-fleeting programme with Boeing, once EASA recertification of the Boeing 737 MAX-8 has been achieved.

 

This new lease agreement with BOC Aviation Limited is expected to be on standard commercial terms and will create a total lifetime lease obligation of around €88m to commence by the end of FY21.

 

 

ANALYST & INVESTOR ENQUIRIES

 

Mathias Kiep, Group Director Investor Relations
and Corporate Finance

 

Tel: +44 (0)1293 645 925/
+49 (0)511 566 1425    

 

 

Nicola Gehrt, Director, Head of Group Investor Relations

Tel: +49 (0)511 566 1435

 

Contacts for Analysts and Investors in UK, Ireland and Americas

Hazel Chung, Senior Investor Relations Manager

Corvin Martens, Senior Investor Relations Manager

Tel: +44 (0)1293 645 823

Tel: +49 (0)170 566 2321

 

Contacts for Analysts and Investors in Continental Europe, Middle East and Asia

Ina Klose, Senior Investor Relations Manager

Tel: +49 (0)511 566 1318

 

Media

 

Kuzey Alexander Esener, Head of Media Relations, Group Communications

Tel: +49 (0)511 566 6024