TUI Travel signed an agreement with AerCap Holdings and Deucalion Aviation Funds for the sale and leaseback of 19 owned aircraft within the TUI Travel fleet for $526 million. Aircraft will be acquired through a 50/50 joint venture between AerCap and Deucalion and will be managed by AerCap, which will receive servicing fees. TUI Travel will continue to operate the 11 737-800s, six 757-200s and two 767-300ERs on 1-7-year operating leases with TUIfly, Thomsonfly, TUIfly Nordic and Jet4You. TUI ...
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