BOC Aviation announced that it has entered into a lease transaction involving 14 Boeing 737-8 aircraft with TUI Airways (TUI). All aircraft will be powered by CFM LEAP-1B engines and are scheduled to deliver in 2025 and 2026. “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 is the world’s leading tourism group. The broad portfolio gathered under the group umbrella consists of strong tour operators, 1,600 travel agencies and leading online portals, five airlines with around 150 aircraft, over 400 hotels, 15 cruise liners and many incoming agencies in all major holiday destinations around the globe. It covers the entire tourism value chain under one roof. The TUI Group’s share is listed in the FTSE 250 index, in the Quotation Board of the Open Market on the Frankfurt Stock Exchange, and regulated Market of the Hanover Stock Exchange.
Avolon prices US$1.5 billion in senior unsecured notes
Avolon, a leading global aviation finance company, announced the pricing of a private offering by its wholly owned subsidiary, Avolon Holdings Funding Limited, for a principal aggregate amount of US$1.5 billion of senior unsecured notes.
The offering comprises US$850 million of 4.950% senior unsecured notes due 2028 and US$650 million of 5.150% senior unsecured notes due 2030. The notes will be fully and unconditionally guaranteed by Avolon, and by certain of its subsidiaries.
The offering is expected to close on or about 12 December 2024, subject to customary closing conditions. Net proceeds from the Offering will be used for general corporate purposes, which may include the future repayment of indebtedness.
The notes will not be registered under the U.S. Securities Act of 1933 or any state securities law and may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and applicable state securities laws. The notes will be offered in the United States only to qualified institutional buyers under Rule 144A of the Securities Act and outside the United States under Regulation S of the Securities Act.
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