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TUI AG (LON:TUI) announced the completion of a US$226mln sale and leaseback agreement with BOC Aviation for five new Boeing 737 MAX-8 aircraft.

The first aircraft is expected for delivery in the first quarter of financial year 2021 with the remaining four to come before the summer 2021 season.

READ: TUI to shut 166 stores in UK and Ireland as COVID-19 keeps customers at home


The deal is part of the travel companys re-fleeting programme, which expects to carry out further sale and leaseback financing.

The FTSE 250-listed firm said it is estimated to create a total lifetiRead More – Source