(RTTNews) - Cathay Pacific Airways Ltd. (CPCAY.PK: News ,CPCAF.PK: News ), or CPAS, said it inked purchase agreement with Airbus S.A.S., pursuant to which CPAS has agreed to buy six Airbus A350-900 aircraft. CPAS is expecting to take delivery of the Airbus Aircraft from 2016 to 2017.
CPAS noted that the aircraft basic price comprises the airframe price, price of specification change notices and engine price. The aircraft basic price of the Airbus Aircraft is around $1.628 billion.
CPAS said with regard to the Airbus Aircraft, Airbus has granted to it significant price concessions which may be used towards the payment for the Airbus Aircraft. According to CPAS, the price concessions were determined after arm's length negotiations between the parties and consequently, the actual consideration for the Airbus Aircraft is lower than the aircraft basic price mentioned above.
CPAS stated that 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.
source: http://www.rttnews.com/1801619/cathay-pacific-to-purchase-six-airbus-a350-900-aircraft-quick-facts.aspx?type=qf
CPAS noted that the aircraft basic price comprises the airframe price, price of specification change notices and engine price. The aircraft basic price of the Airbus Aircraft is around $1.628 billion.
CPAS said with regard to the Airbus Aircraft, Airbus has granted to it significant price concessions which may be used towards the payment for the Airbus Aircraft. According to CPAS, the price concessions were determined after arm's length negotiations between the parties and consequently, the actual consideration for the Airbus Aircraft is lower than the aircraft basic price mentioned above.
CPAS stated that 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.
source: http://www.rttnews.com/1801619/cathay-pacific-to-purchase-six-airbus-a350-900-aircraft-quick-facts.aspx?type=qf
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