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
|
