TUI will also have the option and right to purchase up to a further 90 Boeing 737 MAX aircraft. The delivery period for the initial 60 aircraft will begin in January 2018 and run until March 2023.
Peter Long, chief executive of TUI Travel, said:
A major part of TUI Travel's strategy is to provide our customers with unique holiday experiences they can only get from us. This multi-billion pound investment in the B737 MAX - representing the future generation of more fuel-efficient aircraft for our short and medium-haul programmes - will be a further driver in delivering this. It comes as the first of our Boeing 787s touches down in the UK to commence replacement of our long-haul fleet with best in class aircraft.