OREANDA-NEWS. January 30, 2012. CPAS has entered into the Purchase Agreement with Airbus S.A.S., pursuant to which CPAS has agreed to purchase the Airbus Aircraft from Airbus S.A.S, reported the press-centre of Cathay Pacific.

The Transaction constitutes a discloseable transaction of the Company under the Listing Rules.

 Background
On 20th January 2012, CPAS and Airbus S.A.S. entered into the Purchase Agreement, pursuant to which CPAS has agreed to purchase the Airbus Aircraft from Airbus S.A.S.

The particulars of the Transaction are summarised as follows:

Agreement: Purchase Agreement dated 20th January 2012
Parties: (i) CPAS
(ii) Airbus S.A.S.
Aircraft to be acquired:
Airbus Aircraft, i.e. 6 Airbus A350-900 aircraft.
Payment and delivery terms:

The consideration for the purchase of each of the Airbus Aircraft is payable in cash in eight instalments, with the first seven instalments to be paid prior to delivery of each aircraft and the balance, being a substantial portion of the consideration, to be paid upon delivery of the aircraft. The Company is expecting to take delivery of the Airbus Aircraft from 2016 to 2017.