Aircraft definition
Examples of Aircraft in a sentence
Nevertheless, the Transaction is a Qualified Aircraft Leasing Activity and, as a major transaction, is only subject to the disclosure requirements under Rule 14.33D of the Listing Rules but exempt from the announcement, circular and/or shareholders’ approval requirements for a major transaction.
The Board considers that the Consideration for the Aircraft was determined on an arm’s length basis upon negotiation in accordance with the Group’s customary business practices, taking into account the Market Appraised Value of the relevant aircraft and the terms and conditions of the Transaction as a whole and with reference to market conditions.
As an alternative to disclosing the Consideration for the Aircraft, the Company discloses the Market Appraised Value of the Aircraft.
The Aircraft is expected to be delivered to the Lessee in or about January 2023.
The independent appraiser also assumed that, under its appraised full-life base value of the Aircraft, the airframe, engines, landing gear, auxiliary power unit and all major components are either new or have just undergone a major overhaul, inspection or performance restoration (as appropriate), with engine life-limited parts having 100% of their certified lives remaining and a reasonable marketing time of 12 months.