01.07.2008
FLUG REVUE

2008-07-02 TUIfly Sales LeasebackTUI Travel PLC Aircraft Sale and Leaseback

TUI Travel PLC ("TUI Travel" or the "Group") is pleased to announce that it has signed an agreement with AerCap Holdings N.V. ("AerCap") and Deucalion Aviation Funds (advised and managed by DVB Bank AG) for the sale and leaseback of 19 owned aircraft within the TUI Travel fleet for proceeds of $526 million.

AerCap have secured external facilities to finance this transaction, which will be fully satisfied by cash. The transaction enables the Group to further increase the flexibility of its business model while securing continued access to a modern and fuel-efficient aircraft such as the Boeing 737-800 NG. The Group will use the disposal proceeds to pay down existing debt.

The Group will continue to operate all 19 aircraft on operating leases with one to seven year terms within TUIfly, Thomsonfly and TUIfly Nordic. The aircraft portfolio included in the transaction comprises eleven Boeing 737-800s, six Boeing 757-200s and two Boeing 767- 300ER aircraft.

The transaction has no impact upon the ongoing discussions with Lufthansa regarding a potential merger of Germanwings and TUIfly, on which we intend to update the market in due course. The Board expects the transaction to be earnings neutral for the year ended 30 September 2008.

The book value of the assets included in the transaction at 31 May 2008 was $681m, and the resulting loss on disposal will be treated as a separately disclosed item in the year ended 30 September 2008. Commenting on the transaction Paul Bowtell, Chief Financial Officer of TUI Travel said, "We are delighted to have refinanced the aircraft which will further enhance the flexibility of our business model, and we look forward to a successful partnership with AerCap." "With this major acquisition of Boeing 737-800 aircraft, AerCap has strengthened its portfolio and continued to optimize its fleet with next generation fuel-efficient equipment which remain in strong demand in the current high fuel price environment. In addition AerCap is very pleased to welcome TUI Travel, a leading international leisure travel group, to our global customer base," said Klaus Heinemann, Chief Executive Officer of AerCap.

Mehr Infos zu:
Mehr zum Thema:
 


Weitere interessante Inhalte
Viehzucht im Wüstenstaat Qatar Airways fliegt 4.000 Kühe nach Katar

20.07.2017 - Um der hohen Milchnachfrage trotz der Blockade durch die Nachbarländer nachzukommen, hat das Emirat bereits zwei Sonderflüge mit 300 Rindern organisiert. Eine Boeing 777F beförderte die europäischen … weiter

Ehrung in New York Rekord: Techniker seit 75 Jahren bei American Airlines

19.07.2017 - 75 Jahre lang arbeitete Azreil „Al“ Blackman in der Instandhaltung von American Airlines. Am Mittwoch widmete ihm die Fluggesellschaft eine Triple Seven. … weiter

Neue Flugstrecke Phuket ist 300. Ziel von Turkish Airlines

19.07.2017 - Die Boeing 777-300ER absolvierte am Montag ihren ersten Flug auf die thailändische Urlaubsinsel. … weiter

Alle Typen im Detail Die Flugzeuge der Schweizer Luftwaffe

19.07.2017 - Die Schweizer Luftstreitkräfte setzen für ihre Aufgaben mehr als ein Dutzend verschiedene Muster ein. … weiter

United übernimmt die jüngste 777 Boeing liefert 1500. "Triple Seven"

18.07.2017 - US-Branchenriese United hat am Montag in Everett die 1500. Boeing 777 übernommen. 1994 war United auch der erste Abnehmer einer "Triple Seven" ("Dreimal Sieben"), die für Boeing zum jahrzehntelangen … weiter


  • Hersteller

    Lade...

  • Typ

    Bitte Hersteller auswählen!

FLUG REVUE 08/2017

FLUG REVUE
08/2017
10.07.2017

Abonnements
Digitalabo
E-Paper
Heft-Archiv
Einzelheft bestellen


Stratolaunch: Das größte Flugzeug der Welt
Atlanta: Der größte Flughafen der Welt
Paris Air Show: Die größte Luftfahrtschau der Welt
Transall: Abschied von Penzing


aerokurier iPad-App