Cathay Pacific definition

Cathay Pacific or the “Guarantor”).

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Cathay Pacific or “Company” Cathay Pacific Airways Limited, a company incorporated in Hong Kong and listed on the Stock Exchange, the principal activity of which is the operation of scheduled airline services.

Cathay Pacific or the “Company”) has entered into a settlement agreement (the “Settlement Agreement”) in respect of the United States civil passenger antitrust class action in which it is a defendant. Under the Settlement Agreement, which is subject to approval by the United States District Court for the Northern District of California, Cathay Pacific has agreed to make a payment of US$7.5 million to settle this litigation. Cathay Pacific does not acknowledge any wrongdoing or liability in the Settlement Agreement and there is no admission of any wrongdoing or liability in the Settlement Agreement. An amount sufficient to cover the settlement was provided in the accounts of the Company before 2014. Accordingly, the settlement is not expected to have a material effect on the results of the Company to be reported in the future.

Examples of Cathay Pacific in a sentence

• Cathay Pacific borrows significant amounts in order to fund its capital expenditure on aircraft and other items.

• Foreign governments may distort competition by subsidising their domestic airlines, which may put pressure on the revenues of Cathay Pacific.

• Cathay Pacific competes with full service and low-cost carriers and with existing and new airlines.

• Loss of traffic to those airports may adversely affect the business of Cathay Pacific.

• Changes in government policies towards the aviation industry and in government regulation of the industry may adversely affect the financial performance of Cathay Pacific, for example if they result in increased landing charges or duties payable by passengers or enhanced safety or public health management measures.

• Cathay Pacific MTN Financing (HK) Limited (“CPMFHK”) is a public company incorporated under the laws of Hong Kong on 4th July 2019.

• As a global airliner, Cathay Pacific is exposed to risks arising from any actual or potential political events (including war, terrorism, social unrest and public order events), which may disrupt travel and business, reduce passenger traffic and shipment of air cargo, may lead to closure or restriction of access to airspace or airports, and may contribute to a fear of travelling by air, visiting particular destinations.

• Interest rates for Cathay Pacific can increase because market rates increase or because lenders change their views of Cathay Pacific’s creditworthiness.

• If Cathay Pacific fails to comply with any sanctions or similar restrictive measures developed or promulgated by any governments (if they are applicable to Cathay Pacific), such failure may materially and adversely affect Cathay Pacific’s business, financial condition and results of operations.

• K.) Limited (“CPCS”) Cathay Pacific Services Limited (“CPSL”) Hong Kong Airport Services Limited (“HAS”) Air China Limited Air China Cargo Co., Ltd.

More Definitions of Cathay Pacific

Cathay Pacific means Cathay Pacific Airways Limited;

Cathay Pacific and approving the settlement agreement entered into with Cathay Pacific; [2] CONSIDERING the Settlement Agreement entered into between Petitioner and Cathay Pacific dated ●, 2015 and attached to this Judgment as Schedule "A" (the "Settlement Agreement"), the materials filed, and on hearing the submissions of counsel for the Petitioner and counsel for Cathay Pacific, including that Cathay Pacific does not admit, through the execution of the Settlement Agreement, any allegation of unlawful conduct alleged in the Quebec Action; [3] CONSIDERING THAT Plaintiff and Cathay Pacific consent to this Judgment, and with prejudice, and the Non-Settling Defendants take no position on this Judgment; [4] CONSIDERING THAT for settlement purposes only, Cathay Pacific does not dispute that the criteria of article 1003 C.C.P. are satisfied; [5] CONSIDERING THAT the Court finds that the Settlement Agreement is fair, reasonable and in the best interests of the Quebec Settlement Class;

Cathay Pacific or the “Company”) has been named as a defendant in civil complaints in a number of jurisdictions in respect of air cargo operations. One of these jurisdictions is the United States. Cathay Pacific has entered into a settlement agreement (the “Settlement Agreement”) in respect of the United States civil cargo antitrust class action in which it is a defendant. Under the Settlement Agreement, which is subject to approval by the United States District Court for the Eastern District of New York, Cathay Pacific has agreed to make a payment of US$65 million to settle this litigation. Cathay Pacific does not acknowledge any wrongdoing or liability in the Settlement Agreement and there is no admission of any wrongdoing or liability in the Settlement Agreement. An amount sufficient to cover the settlement was provided in the accounts of the Company before 2013. Accordingly, the settlement is not expected to have a material effect on the results of the Company to be reported in the future.

Cathay Pacific or the “Company”) has been named as a defendant in civil complaints in a number of jurisdictions in respect of air cargo operations. One of these jurisdictions is Australia. Cathay Pacific has agreed terms to settle the Australian civil cargo antitrust class action in which it is a respondent. Under the terms of settlement, which is subject to approval by the Federal Court of Australia, Cathay Pacific has agreed to make a payment to settle this litigation without any admission of liability or wrongdoing whatsoever. Under the terms of settlement (to which a number of airlines are parties) the settlement amounts payable by individual airlines are to remain confidential. The amount payable by the Company is not material to its financial position. An amount sufficient to cover the amount payable by the Company was provided in the accounts of the Company before 2013. Accordingly, the settlement is not expected to have a material effect on the results of the Company to be reported in the future.