Practice Areas - Corporate and M&A Law Firms and Lawyers
Deal Date: | 26-09-2012 | Practice Area: | Corporate and M&A |
Deal Title: | HAECO and Cathay Pacific Airways Joint Venture | Industry: | Travel & Leisure |
Description: |
Slaughter and May advised Hong Kong Aircraft Engineering Company Limited ("HAECO") on the establishment of a joint venture between HAECO and Cathay Pacific Airways Limited ("Cathay Pacific") for the provision of inventory technical management services in connection with the maintenance and management of aircraft components (the "ITM Services"). The joint venture company, HAECO ITM Limited (the "Joint Venture Company"), is owned by HAECO and Cathay Pacific as to 70% and 30% respectively. The total capital commitments of HAECO and Cathay Pacific in connection with the formation of the joint venture are HK$210 million and HK$90 million respectively. The Joint Venture Company has entered into a services agreement with Cathay Pacific and its wholly owned subsidiary, Dragonair, for the joint venture company's provision of ITM services (the "ITM Services Agreement"). Pursuant to the ITM Services Agreement, Cathay Pacific and Dragonair have granted to the Joint Venture Company the right to access and use their existing aircraft components for the provision of ITM Services to Cathay Pacific, Dragonair and other customers of the Joint Venture Company.
Lisa Chung (partner), Jing Chen (associate), Johnathan Lai (associate), John Cartwright (associate).
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Financial Center: | Hong Kong | Value: | 0.00-0.00 |
Advised Party: | Joint Venture Party | Law Firm | Slaughter and May |
JV Party Jurisdiction | Hong Kong | JV Party Jurisdiction | Hong Kong |
Classification: |
Joint Ventures Continuing Business Partnership |
Lawyer | Lisa Chung |