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Aircraft sale & leaseback completed

1 Aug 2012 07:00

RNS Number : 0106J
Thomas Cook Group PLC
01 August 2012
 

1 August 2012

 

 

Thomas Cook Group plc

 

AIRCRAFT SALE & LEASEBACK COMPLETED, INCREASING LIQUIDITY

 

 

Thomas Cook Group plc announces that the sale and leaseback of 11 Boeing 757 aircraft and 8 Boeing 767 aircraft is now complete following delivery of the final group of aircraft.

 

The transaction generates proceeds of $294m and, as agreed under the terms of the facilities agreement, these will be retained by the Group to increase liquidity.

 

The transaction was originally announced on 11 May 2012 and received shareholder approval on 29 May 2012.

 

 

Enquiries

 

Thomas Cook Group plc

Investor Relations +44 (0) 20 7557 6413

 

Finsbury

Faeth Birch +44 (0) 20 7251 3801

This information is provided by RNS
The company news service from the London Stock Exchange
 
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