Legal DealFolio - HAECO and Cathay Pacific Airways Joint Venture

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).

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).
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

Practice Areas -

Corporate and M&A Law Firms and Lawyers

Practice Areas - Corporate and M&A Law Firms and Lawyers