1
Recitals
1
17
29.
sections
statements
If embodied into the future full agreement, these
They are essentially would have по legal force.
intent of
by both parties which preface those sections of the agreement which would have legal force.
Recital (C) refers to the intention of both sides
30.
that
the
AA
should
assume
management
control of Kai Tak
airport before
the date on which the new airport is due to This is considered desirable in order to enable the
open.
AA
to
gain operational
experience
record in airport management.
and establish a track
It is also considered highly
desirable in the interests of facilitating a smooth transfer of airport operations from Kai Tak to Chek Lap Kok.
Equity
31.
As
addition to
March 1991
demonstrated
the in
financial
analysis, in
the need for paid-up equity of $13.6 billion at
there prices,
will be a need for Government to
circumstances.
The
in the event of certain
analysis showed that callable
provide additional equity support
adverse
equity of up to $8.5 billion at money of the day prices or
$5.9
billion at
March 1991
prices might be needed in the
No comments yet.
Private notes are available after approval.