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25 Jan 2011 16:52
25 January 2011
Thomas Cook Group plc
Narrow Body Fleet Renewal
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.
The new aircraft will be powered by CFM56-5B engines produced by CFM International, a joint venture by Snecma (Safran group) and GE.
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.
Enquiries:
Thomas Cook Group plc |
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Investor Relations | +44 (0) 20 7557 6414 / +44 (0) 7974 160013 |
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Finsbury | +44 (0) 20 7251 3801 |
Faeth Birch |
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Thomas Cook (TCG)
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