TNAG-0514-FCO40-579-Purchase-of-wide-bodied-aircraft-by-Cathy-Pacific-Airlines-1974 — Page 10

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5. THERE IS NO DOUBT THAT C P A WILL GO ON SQUEEZING TO GET LOWEST POSSIBLE PRICE (INCLUSIVE OF INTEREST TERMS) AND WILL BE LARGELY INFLUENCED BY THIS IN THEIR FINAL DECISION. I THINK WE CAN EXPECT THAT REDIFON WILL BE PRESSING YOU ON THIS AND THAT CP A WILL PRESS THROUGH REDIFON OR PERHAPS THROUGH ME (THEY HAVE MADE NO DIRECT APPROACH YET) FOR BEST TERMS.

6. IN ANTICIPATION OF FURTHER APPROACHES (PERHAPS SOON FROM CPA) I WOULD WELCOME GUIDANCE ON WHAT THE BEST OFFER MIGHT BE. IN PARTICULAR HOW TO RESPOND TO THE 6 PERCENT BID.

7. ROLLS ROYCE CONTRACTS MANAGER, STEEK, CURRENTLY VISITING IS CONFIDENTIALLY AWARE FROM ME OF CPA ATTEMPT TO USE ROLLS ROYCE TERMS AS. A PRECEDENT AND WILL TRY DISCRETELY TO WARN

CP A OFF THIS TACK,

D OF T PASS COPY TO CRE2 FOR MISS WELSH AND ESD (SEE 2) AND AIR DIVISION FOR WARRINGTON

ASTON

ADVANCE COPIES SENT TO ESD AND CRED DTI]

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