CATHAY PACIFIC AIRWAYS LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
CATHAY PACIFIC AIRWAYS LIMITED國泰航空有限公司
(Incorporated in Hong Kong with limited liability)
(Stock Code: 293) Announcement Purchase of AircraftOn 21st August 2017, Cathay Pacific entered into a non-binding memorandum of understanding with Airbus S.A.S. in relation to the acquisition of 32 Airbus A321- 200neo aircraft from Airbus S.A.S.
On 21st August 2017, Cathay Pacific entered into a non-binding memorandum of understanding with Airbus S.A.S. in relation to the acquisition of 32 Airbus A321- 200neo aircraft (the "Airbus Aircraft") from Airbus S.A.S. The actual acquisition of the Airbus Aircraft will be subject to formal purchase documentation to be entered into between Cathay Pacific and Airbus Company in due course.
The Airbus Aircraft are intended to be operated mainly by Cathay Dragon.
According to information provided to Cathay Pacific by Airbus S.A.S., the catalogue price of the Airbus Aircraft in aggregate is approximately US$4,064 million (equivalent to approximately HK$31,699 million). The aggregate consideration payable for the Airbus Aircraft, reflecting arm's length negotiations between the parties, will be lower than the catalogue price. The acquisition of the Airbus Aircraft will be a major transaction for Cathay Pacific under Chapter 14 of the Listing Rules. Accordingly, Cathay Pacific will make a further announcement upon entering into formal purchase documentation for the Airbus Aircraft.
This announcement is made pursuant to Rule 13.09(2) of the Listing Rules and Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). Shareholders and potential investors are advised to exercise caution in dealing in shares of Cathay Pacific.As at the date of this announcement, the Directors of the Company are:
Executive Directors: John Slosar (Chairman), Rupert Hogg, Gregory Hughes, Paul Loo, Martin Murray;
Non-Executive Directors: Cai Jianjiang, Ivan Chu, Martin Cubbon, Song Zhiyong, Merlin Swire, Samuel Swire, Xiao Feng, Zhao Xiaohang;
Independent Non-Executive Directors: John Harrison, Irene Lee, Andrew Tung and Peter Wong.
Definitions | |
"Airbus S.A.S." | Airbus S.A.S., legal successor of Airbus SNC, formerly known as Airbus GIE, a société par actions simplifiée duly created and existing under French law, the principal activity of which is aircraft manufacturing. |
"Cathay Dragon" | Hong Kong Dragon Airlines Limited 港龍航空有限公司, a wholly owned subsidiary of Cathay Pacific, the principal activity of which is the operation of scheduled airline services. |
"Cathay Pacific" or "Company" | Cathay Pacific Airways Limited 國 泰 航 空 有 限 公 司 , a company incorporated in Hong Kong and listed on the Stock Exchange, whose principal activity is the operation of scheduled airline services (and including, as the context requires, its wholly owned subsidiaries). |
"Listing Rules" | The Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. |
By Order of the Board
CATHAY PACIFIC AIRWAYS LIMITED國泰航空有限公司
David Fu
Company Secretary
Hong Kong, 21st August 2017
Cathay Pacific Airways Ltd. published this content on 21 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 August 2017 10:27:04 UTC.
Original documenthttps://www.cathaypacific.com/dam/cx/about-us/investor-relations/announcements/en/20170821_A321neo_en.pdf
Public permalinkhttp://www.publicnow.com/view/D0AE47298D21B575AA63515DCAA44FEDBA554C9C
