The Tui Group and Boeing have reached an agreement on the 737 Max, about which no further financial details have been published.
The travel company Tui and US aircraft manufacturer Boeing have reached an agreement to compensate for the 737 Max flight ban. Both sides are silent about the details. In the next two years, Tui will receive “compensation that covers a substantial part of the damage, as well as credit for future aircraft orders”. Because of the grounding of the Max, the Tui airlines have been waiting for the delivery of eight aircraft that were supposed to join the fleets in 2019.
It is also clear that Tui will purchase fewer jets from Boeing in the coming years than previously planned. In the next two years, less than half of the originally planned aircraft will be delivered, it is said. This results in an average delay of around two years compared to the original plan.
TUI boss Fritz Joussen speaks of a “fair agreement” with which “a large part of the costs incurred by the flight ban on the 737 MAX” will be offset. The group has ordered a total of 61 737 Max jets.