TUI AG: TUI Group - Completion of further Aircraft sale and leaseback agreement with BOC Aviation Limited

Dissemination of a Regulatory Announcement, transmitted by EQS Group.

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Provider:

EQS

Retrieved on:

Friday, October 30, 2020

Information

Tags:

Aircraft, Aviation, Boeing 737 MAX, Boeing 737

Summary

Key Points:

Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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.

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

Mathias Kiep, Group Director Investor Relations and Corporate Finance	Tel: +44 (0)1293 645 925/ +49 (0)511 566 1425

Nicola Gehrt, Director, Head of Group Investor Relations	Tel: +49 (0)511 566 1435
Contacts for Analysts and Investors in UK, Ireland and Americas
Hazel Chung, Senior Investor Relations Manager Corvin Martens, Senior Investor Relations Manager	Tel: +44 (0)1293 645 823 Tel: +49 (0)170 566 2321
Contacts for Analysts and Investors in Continental Europe, Middle East and Asia
Ina Klose, Senior Investor Relations Manager	Tel: +49 (0)511 566 1318
Media
Kuzey Alexander Esener, Head of Media Relations, Group Communications	Tel: +49 (0)511 566 6024


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