Proposed Maximum Transaction Amounts of the Aircraft Finance Lease Transactions Sample Clauses

Proposed Maximum Transaction Amounts of the Aircraft Finance Lease Transactions. As at the date of this announcement, CNACG Group has not carried out any aircraft finance lease transaction with the Group. The total fee payable under the Aircraft Finance Lease Transaction(s) is the sum of the rental fee, the arrangement fee and the buy-back fee, and the total rental fee payable under the Aircraft Finance Lease Transactions equals to the sum of the principal and the interest payable under each Finance Lease Agreement for the entire lease period for each of the Leased Aircraft. The buy-back fee payable will be at a nominal level which is negligible when calculating the Maximum Transaction Amounts (normally ranges from nil to RMB10). In arriving the proposed Maximum Transaction Amounts, considering the lease period for each of the Leased Aircraft would be 10 to 12 years, the Company adopted the prevailing benchmark interest rate i.e. 4.9%, for RMB loan for over 5 years promulgated by the PBOC (the “PBOC Benchmark Rate”) for the calculation of estimated interest of the Aircraft Finance Lease Transactions. When entering into the separate Finance Lease Agreement for each of the Leased Aircraft, the actual interest rate will be determined through requests for proposals or other procurement processes with reference to the PBOC Benchmark Rate. During the term of the Aircraft Finance Lease Transactions, if the PBOC Benchmark Rate is adjusted by the PBOC, the interest rate for the Aircraft Finance Lease Transactions shall be adjusted accordingly in the same direction. However, based on the previous proposals received by the Group from independent third parties, the interest rate for each of the Leased Aircraft usually would not be higher than the PBOC Benchmark Rate. The Company adopted 1% of the principal amount of the Leased Aircraft to calculate the estimated arrangement fee with reference to prevailing market conditions. Based on (i) the above-mentioned calculation basis of the interest payable and arrangement fee payable under the Aircraft Finance Lease Transactions; (ii) the aircraft scheduled to be introduced by the Company for the period from 1 June 2018 to 31 December 2018 and for the year 2019 according to confirmed orders; and (iii) the assumption that the maximum aggregate principal amount of the Aircraft Finance Lease Transaction(s) between the Company and CNACG Group for the period from 1 June 2018 to 31 December 2018 and for the financial year ending 31 December 2019 shall not exceed half of the aggregate consideration amount of the...
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Related to Proposed Maximum Transaction Amounts of the Aircraft Finance Lease Transactions

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