TUI raises $526m in aircraft sale and leaseback
TUI Travel has raised $526 million with the sale and leaseback of 19 aircraft.
TUI will continue to fly the aircraft on operating leases with terms of between one and seven years and the proceeds will be used to reduce group debt.
The deal with Dutch aircraft leasing firm AerCap involves 11 Boeing 737-800s, six 757-200s and two 767-300ERs.
TUI Travel chief financial officer Paul Bowtell said: “We are delighted to have refinanced the aircraft which will further enhance the flexibility of our business model.”
The transaction has no impact on the discussions with Lufthansa over a potential merger between TUIfly and Germanwings, the company said. An update on this will be made “in due course”.
by Phil Davies
Phil Davies
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.

































Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025