REG-TUI AG TUI AG: Completion of Aircraft sale and leaseback transactions

TUI AGAnnouncement

25/10/2023 18:30

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   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 $147m (~€139m).

   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 €110m 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 $147m (~€139m).

   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 €100m 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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