RE: Positive reads/future outlook07 Aug 2020 18:09
I am spending a week under a flight path in Schipol, all I could find and it was accidentally booked through a Tui rep. (Just cheapest), however, what I’m noticing is flights constantly into schipol airport. So demand must be way more than expect at other locations as well.
I think that Tui would have performed better than easy jet, because Tui also cater for the domestic markets in booking hotels/ holiday parks. I think their flights and cruises would have been decimates, but the self employed agents I know are booking ob behalf of clients through tui even caravan staycations. So I am very interested in how this is going to work.
In mainland Europe, it is not an Island, most families have a tendency to just drive to Spain, not book a plane.
Tui does not only revolve around Spain and its airline. So I am seeing value here.
However, with this I am also s==t scared after what happened with Thomas Cook, I hate debt, but everyone seems to have it now.
TUI Group - Completion of Aircraft sale and leaseback agreement with BOC Aviation Limited
Hanover, 3.8.2020. TUI Group confirms the signing of a sale and leaseback ("SLB") agreement with BOC Aviation Ltd for five new Boeing 737 MAX-8 aircraft for the aggregate sum of $226m (~€193m).
The first aircraft is expected for delivery in the first quarter of FY21 with the remaining four aircraft expected to be delivered ahead of the Summer 2021 season.
In line with our asset-right strategy as outlined in our FY19 year-end results, the SLB agreement with BOC Aviation Ltd will finance five new Boeing 737 MAX-8 aircraft as part of our planned re-fleeting programme.
We expect the lease agreement with BOC Aviation Ltd, on standard commercial terms, to create a total lifetime lease obligation of around €223m to commence by the end of FY21. We expect further SLB financing on our future deliveries beyond FY21, in line with our newly agreed deferred re-fleeting programme with Boeing.