Jetstar Hong Kong, a subsidiary of Shun Tak Holdings, sold two unused Airbus A320-232 aircraft to Oriental Leasing 5 Company, an affiliate of CMB Financial Leasing, on March 20, 2015 for US$83million. CMB Financial Leasing has paid an initial deposit of US$250,000 per aircraft to Jetstar Hong Kong prior to the date of the relevant Aircraft Sale Agreement. It will pay a subsequent deposit of US$1.25 million per aircraft to Jetstar Hong Kong within five business days after the date of the relevant Aircraft Sale Agreement; and the remaining balance of the consideration for each aircraft is due on delivery.
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