25 Jan 2011 16:52

25 January 2011
Thomas Cook Group plc
Narrow Body Fleet Renewal
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In line with the announcement on 1 December 2010, Thomas Cook Group Plc announces that it has today signed a binding contract with Airbus. The agreement is for 12 new Airbus 321 aircraft scheduled to be delivered from 2014, together with options to purchase further A320 family aircraft from 2015.
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The new aircraft will be powered by CFM56-5B engines produced by CFM International, a joint venture by Snecma (Safran group) and GE.
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The Group will remain a heavy user of operating leases and it is anticipated that the directly purchased aircraft will be financed through sale and leaseback agreements with third party lessors. Ā
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Enquiries:
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Thomas Cook Group plc | Ā |
Investor Relations | +44 (0) 20 7557 6414 / +44 (0) 7974 160013 |
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Finsbury | +44 (0) 20 7251 3801 |
Faeth Birch | Ā |
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