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TUI AG
Net Asset Value • Oct 30, 2020
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Net Asset Value
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National Storage Mechanism | Additional information
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
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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 |