Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Tui to buy more Boeings after Dreamliner lands

 

Lucy Tobin
Friday 31 May 2013 20:20 EDT
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

On the day its first Dreamliner touched down in the UK, Tui Travel yesterday agreed a multi-billion-pound deal to buy more Boeing jets.

The company behind Thomson Holidays, Crystal Ski and LateRooms is buying 60 of Boeing’s narrow-bodied, fuel-efficient 737 Max jets, with an option to take 90 more.

The list price of the purchase is £4bn but Tui said it had secured the planes for a “significant discount”. The size of the deal means it still needs to be voted through by shareholders. If agreed, the planes will be delivered by Boeing between January 2018 and March 2023.

Boeing says its 737 Max burns 13 per cent less fuel than current 737 models, and is 40 per cent quieter. The plane is due to enter production in 2015.

Tui, which runs six European airlines with a total of 141 aircraft, yesterday received the first of its 13 Boeing 787 Dreamliners after the order was delayed by the plane’s battery problems and worldwide grounding.

It has been a good week for deal making at Boeing, which saw Singapore Airlines become the first carrier to commit to buying its next-generation stretched 787s, with an order for 30.

EasyJet is also set to place a major order for at least 100 updated Airbus or Boeing jets, worth around $10bn (£7bn), with the same number again in options.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in