Basis of the Proposed Sample Clauses

Basis of the Proposed. Annual Caps for the Eastern Airlines Transactions The Proposed Annual Caps for the Eastern Airlines Transactions under the Eastern Airlines System Services Agreement for the three years ending 31 December 2020 represent an estimated annual growth rate of 18% in the Proposed Annual Cap of the Company in 2018 under the Eastern Airlines System Services Agreement in the continuing connected transactions with Eastern Airlines (for itself and on behalf of Shanghai Airlines). The Proposed Annual Caps and the estimated 18% annual transaction volume growth rate are determined with reference to (i) the historical transaction amounts of such type of transactions between ACCA and Eastern Airlines (for itself and on behalf of Shanghai Airlines) for the preceding three years ended 31 December 2017 and the ten months ended 31 October 2018; (ii) the actual growth rate of approximately 20% of the international passenger transportation volume for the first half of 2018 as compared with the corresponding period in the previous year and the actual growth rate of approximately 10% of the domestic passenger transportation volume for the first half of 2018 as compared with the corresponding period in the previous year; (iii) the anticipated average yearly increment of approximately 10.4% of the PRC’s gross passenger transportation volume from 2016 to 2020 under the 13th Five-Year Plan based on the projections of CAAC; (iv) the estimated increase in demand of the civil aviation transportation market as influenced by various factors such as the “One Belt and One Road” strategy; and (v) the expansion of Eastern Airlines’ business from time to time through acquisition of other airlines or establishing more branches.
Sample 1
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Basis of the Proposed. Annual Caps for the China Cargo Transactions The Proposed Annual Caps for the China Cargo Transactions under the New China Cargo System Services Agreement for the two years ending 31 December 2019 represent an estimated annual growth rate of 18% in the transaction volume calculated based on the Company’s full year transaction amount of 2017 in the continuing connected transactions with China Cargo. The Proposed Annual Caps and the estimated 18% annual transaction volume growth rate are determined with reference to (i) the historical transaction amounts of such type of transactions between ACCA and China Cargo for the preceding three years ended 31 December 2017; (ii) the actual growth rate of approximately 8.4% of the PRC’s cargo and mail transportation volume for the first half of 2017 as compared with the corresponding period in the previous year, and the estimated yearly increment of cargo and mail transportation volume of 6.6% and 6.2% respectively for 2017 and 2018 based on the projections of CAAC; (iii) the anticipated average yearly increment of approximately 6.2% of the PRC’s cargo and mail transportation volume from 2016 to 2020 under the 13th Five-Year Plan based on the projections of CAAC; (iv) the estimated increase in demand of the civil aviation transportation market as influenced by various factors such as the “One Belt and One Road” strategy; and (v) the expansion of China Cargo’s business from time to time through acquisition of other airlines or establishing more branches.
Sample 1

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