TUI Airways Acquire Leased B737 MAX 8 Aircraft

A TUI Airways 737 MAX 8 on the taxiway.
Photo Credit: Stephen Groom via Deucalion Aviation

Deucalion Aviation has announced a new collaboration with BOT Lease Co., Ltd (BOTL) of Japan.

This new partnership focuses on sourcing high-quality aircraft investments for BOTL. The pairing will see Deucalion leveraging its expertise in origination and ongoing aircraft management services.

The first transaction under this agreement involves the acquisition of a single Boeing 737 MAX 8 aircraft (msn 44605) manufactured in 2021. This aircraft is currently leased to TUI Airways.

Aircraft Acquisition Partnership

Deucalion Co-CEO Stephan Sayre expressed his enthusiasm for the collaboration. “We’re thrilled to announce this transaction, marking the beginning of a promising partnership with BOTL.”

“The collaboration between our teams has been exceptional, and we anticipate many more successful transactions in the future.”

Hisanori Kamachi, General Manager of BOTL’s Aviation Business Division, echoed this sentiment. “We are very pleased with this first aircraft acquisition opportunity with Deucalion. Their expertise is impressive, and we appreciate their dedicated professionalism.”

“We believe this transaction will be the foundation of a long-lasting business relationship.”

Deucalion Co-CEO Jon Skirrow emphasized the company’s core values. “At Deucalion, we believe in offering competitive solutions to both investors and airlines.”

“This approach is paramount to our success. In the first four months of 2024 alone, we’ve successfully concluded 25 aircraft and engine transactions, solidifying our reputation as a best-in-class aviation asset manager.”

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About TUI Airways

TUI Airways, formerly Thomson Airways, is a major British airline offering scheduled and charter flights from the UK and Ireland to various destinations worldwide.

With a presence in over 19 airports across the UK, they provide convenient travel options for passengers.

TUI Airways boasts a modern fleet, including the popular Boeing 737 MAX aircraft. They cater to both short-haul getaways within Europe and long-haul operations.

Beyond Europe, the airline presently serves destinations in Africa, Asia, and North America. The carrier offers a range of cabin classes, including standard seating and a premium option with added amenities for enhanced comfort.

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By Len Varley - Assistant Editor 3 Min Read
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