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| HSCEI1 | 7,987.39 | -69.37 | 31.89B |
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CATHAY PAC AIR Buys 11 Airbus A330-900 Aircraft at Basic Price of ~HKD39.9B
2026-11-11 12:21:18 CATHAY PAC AIR (00293.HK) announced that its wholly owned subsidiary Cathay Pacific Aircraft Services Limited (CPAS) has exercised purchase rights under the 2024 purchase agreement to acquire certain additional Airbus A330-900 aircraft from Airbus S.A.S. The aircraft basic price comprises the airframe price, optional features prices, and engine price. The aircraft basic price of the Airbus Aircraft is approximately US$5,114 million (equivalent to approximately HK$39,889 million). With regard to the Airbus Aircraft, Airbus S.A.S. has granted to CPAS significant price concessions. Such price concessions were determined after arm’s length negotiations between the parties and, as a result, the actual consideration for the Airbus Aircraft is lower than the aircraft basic price mentioned above. The Transaction was negotiated and entered into in accordance with customary business practice. The Company confirms that the extent of the price concessions granted to CPAS in the Transaction is comparable with the price concessions that CPAS had obtained in each Previous Aircraft Purchase. ~ AASTOCKS Financial News Website: www.aastocks.com | |