Tui has struck aa deal with Boeing for an unspecified compensation for the grounding of its fleet of 737 Max planes and to delay deliveries of additional aircraft.
Under the deal agreed deliveries of 61 MAXs to Tui will be by two years on average, with Boeing pay the compensation within that timeframe.
Fritz Joussen, chief executive of Tui Group, said: “The new delivery schedule gives us considerable flexibility because we will have fewer new aircraft delivered in the next years. This enables Tui to rapidly adapt its fleet growth to the currently challenging market environment.”