TUI AG: TUI Group - Completion of further Aircraft sale and leaseback agreement with BOC Aviation Limited (1143600)
October 30 2020 - 3:00AM
UK Regulatory
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 (&euro76m).
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 &euro88m to commence by the end of FY21.
ANALYST & INVESTOR ENQUIRIES
Mathias Kiep, Group Director Investor Tel: +44 (0)1293 645 925/
Relations +49 (0)511 566 1425
and Corporate Finance
Nicola Gehrt, Director, Head of Group Tel: +49 (0)511 566 1435
Investor Relations
Contacts for Analysts and Investors in UK, Ireland and Americas
Hazel Chung, Senior Investor Relations Tel: +44 (0)1293 645 823
Manager
Tel: +49 (0)170 566 2321
Corvin Martens, Senior Investor
Relations Manager
Contacts for Analysts and Investors in Continental Europe,
Middle East and Asia
Ina Klose, Senior Investor Relations Tel: +49 (0)511 566 1318
Manager
Media
Kuzey Alexander Esener, Head of Media Tel: +49 (0)511 566 6024
Relations, Group Communications
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
(END) Dow Jones Newswires
October 30, 2020 03:00 ET (07:00 GMT)
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