Last checked at 30 Oct 2020 07:00
TUI AG (TUI) TUI AG: TUI Group - Completion of further Aircraft sale and leaseback agreement with BOC Aviation Limited 30-Oct-2020 / 08:00 CET/CEST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. 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
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| ISIN: | DE000TUAG000 |
| Category Code: | AGR |
| TIDM: | TUI |
| LEI Code: | 529900SL2WSPV293B552 |
| OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
| Sequence No.: | 86777 |
| EQS News ID: | 1143600 |
| End of Announcement | EQS News Service |
UK Regulatory announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.