The Tui Group and Boeing have reached an agreement on the 737 Max, about which no further financial details have been published.
The travel group Tui and US aircraft manufacturer Boeing have reached an agreement to compensate for the 737 Max flight ban. Both sides are keeping quiet about the details. Over the next two years, Tui will receive "compensation that covers a significant part of the damage, as well as credits for future aircraft orders." Due to the grounding of the Max, the Tui airlines have been waiting for over a year for the delivery of eight aircraft that were supposed to join the fleet 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" that will offset "a large part of the costs incurred by the 737 MAX flight ban." The group has ordered a total of 61 737 Max jets.
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