TUI Travel to buy 60 new Boeing aircraft value $6 billion

Fri May 31, 2013 3:08am EDT

LONDON (Reuters) – British transport organisation TUI Travel has concluded a understanding to buy 60 of Boeing’s 737 MAX jets with an choice to buy a serve 90 some-more of a fuel-efficient aircraft.

TUI Travel, that operates Britain’s Thomson Airways, pronounced on Friday a initial understanding for 60 planes, powered by CFM International’s LEAP-1B engines, had been cumulative during a “significant bonus to a list price” of $6.09 billion.

The world’s largest debate operator, that expects a jets to be delivered between Jan 2018 and Mar 2023, pronounced such a vast understanding would paint a category 1 transaction, definition it would need shareholder approval.

The 737 MAX is a latest narrow-body craft by Boeing and competes with a A320neo done by European opposition Airbus.

U.S. planemaker Boeing has pronounced a 737 MAX will bake 13 percent reduction fuel than stream 737 models, a figure that exceeds progressing estimates. The craft is due to enter prolongation in 2015 and be delivered to business from 2017.

TUI Travel, that operates 6 European airlines with 141 aircraft, perceived a initial of a 13 Boeing 787 Dreamliners planes on Friday from a prior sequence and pronounced a latest understanding with Boeing was partial of a pierce to replenish a brief and long-haul swift with fuel-efficient aircraft.

“Being means to offer a business a many advanced, gentle aircraft, either they are travelling with us to brief or long-haul destinations, while shortening a environmental impact, will usually strengthen a position,” pronounced TUI Travel Chief Executive Peter Long.

The understanding comes as British low-cost airline easyJet edges towards creation a organisation sequence for during slightest 100 updated Airbus or Boeing jets value around $10 billion, with as many again in options.

(Reporting by Sarah Young and Rhys Jones; modifying by Kate Holton)