Hong Kong’s Blue Skyview suspends trading in 7 1/8% perpetuals

By Angela McDaniels

Tacoma, Wash., Dec. 9 – Blue Skyview Co. Ltd. said trading in its $683 million 7 1/8% senior perpetual securities on the Stock Exchange of Hong Kong was suspended on Dec. 3 and will remain suspended until further notice.

Hong Kong Airlines Ltd. is a guarantor of the perpetual securities and a fellow subsidiary of Blue Skyview’s holding company. Blue Skyview noted certain newspaper articles about the financial condition of Hong Kong Airlines and said the airline has been communicating with the Air Transport Licensing Authority about their requirements and considerations.

Because the perpetual securities have no maturity date and do not become repayable unless the company calls them, the company does not believe that the financial condition of Hong Kong Airlines would have a material adverse effect on the company’s ability to meet its repayment obligations under the perpetual securities, according to a company announcement.

Blue Skyview said holders can direct questions to acctrd@hkairlines.com.

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