On 13th September 2017, CPAS and Airbus S.A.S. entered into the Purchase Agreement, pursuant to which CPAS has agreed to purchase the Airbus Aircraft (being 32 Airbus A321-200neo aircraft) from Airbus S.A.S.
Swire Pacific and Air China, which together own approximately 74.99% of the issued share capital of the Company, have approved the Transaction. Swire Pacific and Air China do not have any interest in the Transaction other than as shareholders of the Company.
The Transaction constitutes a major transaction of the Company under the Listing Rules. A circular containing the information required under the Listing Rules will be despatched to shareholders on or before 6th October 2017.
This announcement also deals with a transaction which is related to the Transaction but which is not a notifiable transaction of the Company under Chapter 14 of the Listing Rules. An existing order for six Airbus A350-1000 aircraft is to be converted into an order for six smaller Airbus A350-900 aircraft (to be delivered in 2019 and 2020) and the delivery of five Airbus A350-1000 aircraft is to be deferred from 2020 to 2021.
http://www.hkexnews.hk/listedco/listcon ... 913604.pdf