DJ TUI AG: Completion of Aircraft sale and leaseback transactions
TUI AG (TUI)
TUI AG: Completion of Aircraft sale and leaseback transactions
25-Oct-2023 / 19:25 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Completion of Aircraft sale and leaseback transactions
Hanover, 25 October 2023. TUI Group confirms the signing of a sale and leaseback ("SLB") agreement with SMBC Aviation
Capital Limited for three new Boeing 737 MAX-8 aircraft for the aggregate sum of USD147m (EUR139m).
The SLB agreement with SMBC will finance three new Boeing 737 MAX-8 aircraft from TUI's existing orderbook which are
expected to be delivered during the course of FY 2024.
We expect the SLB agreement with SMBC, contracted on standard commercial terms, to create a total lifetime lease
obligation of around EUR110m to commence upon delivery of the aircraft.
Additionally, TUI Group confirms the signing of a sale and leaseback ("SLB") agreement with IC Airlease One Limited for
three new Boeing 737 MAX-8 aircraft for the aggregate sum of USD147m (EUR139m).
The SLB agreement with IC Airlease One Limited will finance three new Boeing 737 MAX-8 aircraft from TUI's existing
orderbook which are expected to be delivered during the course of FY 2024.
We expect the SLB agreement with IC Airlease One Limited, contracted on standard commercial terms, to create a total
lifetime lease obligation of around EUR100m to commence upon delivery of the aircraft.
The transactions are in line with TUI's overall fleet ownership and financing strategy and there are no changes to the
Group's fleet plan.
ANALYST & INVESTOR ENQUIRIES
Nicola Gehrt, Group Director Investor Relations + 49 (0)511 566 1435
Adrian Bell, Senior Investor Relations Manager +49 (0)511 566 2332
James Trimble, Investor Relations Manager + 44 (0)1582 315 293
Stefan Keese, Investor Relations Manager + 49 (0)511 566 1387
Media
Kuzey Alexander Esener, Head of Media Relations + 49 (0)511 566 6024
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----------------------------------------------------------------------------------------------------------------------- Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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ISIN: DE000TUAG505 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.: 280550 EQS News ID: 1757455 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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October 25, 2023 13:25 ET (17:25 GMT)
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