HANNOVER: TUI Group has confirmed 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 $90 million (~€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.