Regal Hotels (00078.HK), Century City International (00355.HK) and Pelipo Holdings (00617.HK): Regal subsidiary plans to sell two A320-232 Airbus aircraft

Gelonghui Finance ·  Mar 18 07:20

Gelonghui, March 18: Regal Hotels (00078.HK), Century City International (00355.HK) and Pelipo Holdings (00617.HK) jointly announced that on February 28, 2024, Navigation Force Limited (“Seller”), a wholly-owned subsidiary of Regal, has signed a letter of intent with the potential buyer regarding the possible sale of two A320-232 Airbus aircraft in accordance with the terms set out in the letter of intent.

The aircraft was manufactured in 2002. The seller acquired the aircraft in 2018. Since then, the aircraft has been leased to a major European international airline operator on an operating lease to generate leasing revenue.

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