BOC Aviation Limited (BOC Aviation) has entered into a leasing agreement with TUI Airways (TUI) for 14 Boeing 737-8 aircraft. The planes, which will be powered by advanced CFM LEAP-1B engines, are set for delivery in 2025 and 2026. This transaction reflects BOC Aviation's ongoing relationship with TUI and its commitment to supporting customers' fleet modernisation efforts.
“With this financing we are once more working with our existing customer, TUI, as it builds its fleet of new generation aircraft,” said Steven Townend, Chief Executive Officer and Managing Director, BOC Aviation. “With the delivery of these aircraft anticipated over the next two years, this transaction will contribute to our investment and revenue pipelines.”
TUI, headquartered in Germany, is recognised as the world's leading tourism group, with a comprehensive portfolio that spans the entire tourism value chain. Its offerings include 1,600 travel agencies, leading online portals, five airlines operating around 150 aircraft, over 400 hotels, 15 cruise liners, and various destination services. The group is committed to economic, environmental, and social sustainability, with more than 20 years of dedication to promoting sustainable tourism.
Publicly traded, TUI's shares are listed in the FTSE 250 index in the UK, as well as on the Frankfurt Stock Exchange and Hanover Stock Exchange in Germany. This agreement with BOC Aviation aligns with TUI's strategic focus on upgrading its fleet to more efficient, next-generation aircraft.
For BOC Aviation, this deal represents an important step in strengthening its long-term investment strategy and sustaining its revenue growth. The delivery timeline highlights the company's readiness to meet increasing demand for advanced aircraft that support operational efficiency and environmental goals.
