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-   -   TUI airways-2 (https://www.pprune.org/airlines-airports-routes/637464-tui-airways-2-a.html)

Smudge's Lot 29th Jan 2021 10:03

It will be TUIP but delivery date is a moving unknown. CURRENT plan is for winter this year.
2 of the 787-8 that were going to germany has been postponed.
The TUI Nordic fleet has been slashed to just 2 737s which means that any 767-300s in the Nordics will return to the UK fleet by this summer. However G-OBYG is in storage and is not expected to fly again in revenue service for TUI before being returned to its lessor. Next winter (I presume winter 21-22) will see the remaining 4 757s and 767s leave the fleet. All subject to change of course!

787Heaven 29th Jan 2021 19:22

thanks for all the info! I can’t believe the Nordics are going to two planes. It seemed as though they were expanding again (before the pandemic). I’ve got some really great memories from the trips we did to Scandinavia (can’t remember a lot too haha)

ROC10 29th Jan 2021 23:59

TUI fly Nordic currently have:
2 x 737 MAX-8
3 x 737-800
2 x 767-300

Two of the 738s have just transferred from TUI UK (ex G-TAWH/J) while one was supposed to join TUI UK a couple of years back and was registered as G-TAWY before being immediately re-registered to SE-RFX and returned to the Nordics (presumably due to the MAX grounding).

Interestingly, while TUI UK have just lost these two 738s to Nordic, they have recently received a 738 from TUI Germany and are due to receive three more from there soon, two of these being the former G-TAWP/R which transferred from UK to Germany a few years back.

Does anyone know why there have been so many intra-group swaps recently, especially when one aircraft just seems to get ‘replaced’ by another? I assume it’s all down to lease end dates, otherwise I’m at a loss, as there will obviously be costs involved in re-registering aircraft in another country, modifying liveries, interiors, etc.

Vokes55 30th Jan 2021 10:04

Interiors and liveries don't need modifying and the cost involved in re-registering aircraft is negligible. It's just a company moving assets around to where they believe they are required. There's also a far bigger picture involving maintenance cycles, lease expiry, administration and of course taxation that will make sense to a few people but leave the rest of us scratching our heads.

hec7or 30th Jan 2021 19:01

Travel Weekly article 6th Jan 2021

"The first and second packages focused on loans from the state and will be repaid with interest.
The third package is wider – a loan of €1.091 billion, a credit facility of €200 million and a capital increase of €500 million.
It is a very good sign that Unifirm, our largest shareholder, already agreed to participate in the capital increase.
Unifirm, an investment vehicle of the Russian Mordashov family, already owns almost 25% of Tui."
where are we going with this?

Yeehaw22 30th Jan 2021 20:45

To a whole new world of debt

Jenny Tails 30th Jan 2021 23:59

TCX 2.0 perhaps?

double-oscar 31st Jan 2021 10:27

Unlikely. The German government has an interest in TUI unlike TCX who found little or no help from the UK government. You only have to look at Condor which has somehow managed to survive not only TCX going bust but also the current pandemic. The biggest investors in TUI are also unlikely to walk away so I think one can have some confidence that the company has the same or slightly better chance of survival than many airlines and travel companies.

737James 31st Jan 2021 10:44

There seems to be lots of rumours flying around about what Tui's current summer plans are, I have it from Tui BHX crew that they will just be a 738/max & 787 base from May so no 757s with 787's operating flights if possible with Covid restrictions to DLM,PFO,AYT and BVC

The other one that I have heard from a few sources is that Tui will getting two extra brand new Max's that were built for a failed Asian airline this is instead of of Ex Fly Dubai aircraft. Personally I would be surprised if this is true as mid age 738 must be cheaper to lease than a brand new Max unless the leasing company just want to get some return on it quickly

Jonty 31st Jan 2021 14:14

Rumour has it TUI are paying €420m a year in interest payments.

That’s not sustainable.

davidjohnson6 31st Jan 2021 14:24

Do you have a source for that ?

Yeehaw22 31st Jan 2021 16:43

That sounds like the amount for the first repayment due on the German loan. Due end of the year I believe.

Jonty 31st Jan 2021 18:33

Just rumours. I have heard it from several different sources, but nothing concrete.

gilesdavies 1st Feb 2021 17:27

What are TUI's 787's Up To At The Minute?
I was just curious what TUI are doing with their 787's at the moment?

I was on FlightRadar24 Sunday evening and noticed two 787's heading out from Manchester to Detroit and Philadelphia.

rog747 1st Feb 2021 17:40

Cargo flying, along with BA, Virgin, Air Canada, Aer Lingus, Condor, Neos to name but a few....

yeo valley 1st Feb 2021 17:46

There has been 1 787 in storage at BRS for quite some time. I dont know if it is still there.

airvanman 1st Feb 2021 20:02

Yes still at BRS

double-oscar 1st Feb 2021 20:22

"Rumour has it TUI are paying €420m a year in interest payments.

That’s not sustainable."

Apart from being a rumour, that is rather a meaningless comment unless you can provide some further qualification. In recent years TUI has not only been meeting its interest repayments but also been paying shareholders a dividend of approximately €300m. Therefore, in a more normal trading environment, the business could easily sustain €420m in interest payments. However, should life not return to normal then the company has taken steps to secure its finances and roll over some of its debt. Anyway, first quarter results are out shortly so that will give a better indication of how the business is doing.

hec7or 2nd Feb 2021 20:40

I think you mean 4th Q, it's only Feb.

Mr @ Spotty M 2nd Feb 2021 21:52

Some companies have year ending September/October.

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