TUI Travel PLC TUI Travel order Dreamliners (3401T)

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RNS Number : 3401T

TUI Travel PLC

19 November 2013

TUI Travel PLC orders additional 787 Dreamliners

London- 19(th) November 2013- TUI Travel PLC ("TUI Travel" or "the Group"), one of the world's leading leisure travel companies, is pleased to announce that is has completed an order for two additional Boeing 787-8 Dreamliner aircraft from The Boeing Company ("Boeing").

   --     Order for two additional Boeing 787-8 Dreamliner aircraft 
   --     Builds on the strategy of offering unique holidays to customers 
   --     Unprecedented customer feedback on currently operating 787s 
   --     Further enhances sustainability credentials of the fleet

The additional order takes the Group's commitment from 13 to 15 Dreamliners, with the additional two aircraft expected to arrive in 2016. TUI Travel operates six airlines, four of which operate, or will operate, Dreamliner aircraft: Thomson Airways, Arkefly, TUI Fly Nordic and Jetairfly.

The order confirms TUI Travel's commitment to Boeing as a supplier and comes following unprecedented feedback from customers flying on board the four Dreamliners currently in operation. Two more of the aircraft will join the fleet in the coming months, and will be flown by Jetairfly and Arkefly respectively. The Group has purchased the aircraft at a significant discount to the list price as a result of various concessions, allowances and support from Boeing. At current list prices, the value of two 787-8 Dreamliner aircraft is $422 million (GBP GBP264 million).

Peter Long, TUI Travel Chief Executive, said: "We have developed our strategy by putting the customer at the centre of everything we do. The 787 Dreamliner is another example where we have led the way by enhancing the customer experience and improving environmental efficiencies, both of which differentiate us from other tour operators. The feedback we receive from those who fly on these aircraft is exceptional and this order allows us to continue to deliver the best possible customer holiday experience - from the point customers start dreaming of their holiday until they get home."

Boeing Senior Vice President of Sales & Marketing John Wojick lauded the commitment from the Group to the Dreamliner. "This order is a testament to the value that the Dreamliner has brought to TUI Travel." Wojick said. "We are proud to work with such a great partner to bring TUI Travel's passengers a great flying experience."

Ends

Enquiries:

 
 Hudson Sandler 
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 Michael Sandler                              Tel: +44 (0)20 7796 
                                               4133 
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 Katie Matthews 
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 TUI Travel 
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 Lesley Allan, Corporate Communications       Tel: 01293 645 771 
  Director 
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 Mike Ward, External Communications Manager   Tel: 01293 645 776 
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About the Boeing 787 Dreamliner

The 787-8 Dreamliner can carry 210 - 250 passengers on routes of 7,650 to 8,200 nautical miles (14,200 to 15,200 km). In addition to bringing big-jet ranges to midsize airplanes, the 787 family provides airlines with unmatched fuel efficiency, resulting in exceptional environmental performance. The airplane uses 20 percent less fuel than today's similarly sized airplanes. The 787 also travels at a similar speed as today's fastest twin-aisle airplanes, Mach 0.85. Airlines also realize more cargo revenue capacity - a 20 to 45 percent advantage over similarly sized airplanes.

About TUI Travel PLC

TUI Travel PLC is one of the world's leading international leisure travel groups operating in approximately 180 countries worldwide. It serves more than 30 million customers in over 31 source markets. Headquartered in the UK, the Group employs approximately 54,000 people and operates a pan-European airline group consisting of 141 aircraft. The Company is organised and managed through three business Sectors: Mainstream, Specialist & Activity and Accommodation & Destinations. In the financial year ended 30 September 2012 TUI Travel had revenues of GBP14.5bn and an underlying operating profit of GBP490m.

TUI Travel is listed on the London Stock Exchange as a member of the FTSE 100 and FTSE4Good Indices.

For more information visit www.tuitravelplc.com

This information is provided by RNS

The company news service from the London Stock Exchange

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