Examples of Aircraft Lease Agreement in a sentence
On 26 January 2017 (after trading hours), the Company, through its wholly-owned special purpose vehicle, entered into the AirAsia Aircraft Lease Agreement with AirAsia, pursuant to which the Company, through this wholly-owned special purpose vehicle, agreed to lease one Airbus A320 aircraft to AirAsia.
The Assignor hereby covenants and agrees with the Assignee (as of the date hereof and as of the date of any additional Assigned Rights becoming subject to the Security Interest) as follows: The Assignor shall use its reasonable commercial efforts to obtain from the Operator a Consent to Assignment of Aircraft Lease Agreement (in the form of Exhibit 1 attached hereto, or any other form satisfactory to the Assignee) pursuant to the requirements of the Letter of Offer.
As the applicable percentage ratio under Rule 14.07 of the Listing Rules for the AirAsia Aircraft Lease Agreement and the Previous Lease Agreement on an aggregated basis is above 5% but below 25%, the Transaction constitutes a discloseable transaction of the Company and is therefore subject to the announcement requirement in Chapter 14 of the Listing Rules.
The final accounting treatment will be confirmed on or before the delivery of the respective aircraft and commencement of the respective CEA Aircraft Lease Agreement.
The Directors believe that the Thai AirAsia Aircraft Lease Agreement is on normal commercial terms and is fair and reasonable and in the interests of the Shareholders as a whole.