Hong Kong’s Blue Skyview schedules scheme meetings for Nov. 25

By William Gullotti

Buffalo, N.Y., Oct. 31 – Blue Skyview Co. Ltd. issued an announcement on Monday relating to the restructuring of its $683 million 7 1/8% senior perpetual securities.

The announcement follows the previously reported scheme hearings on Oct. 13 and Oct. 25 with the High Court of Hong Kong and the High Court of Justice of England and Wales respectively regarding the restructuring of Hong Kong Airlines Ltd., a guarantor of Blue Skyview’s perpetual securities, and the proposed restructuring of the aforementioned perpetuals.

Both the Hong Kong scheme and U.K. plan meetings are scheduled for Blue Skyview’s unsecured creditors on Nov. 25.

A sanction hearing, in both cases, is scheduled to occur Dec. 9.

Further details were not disclosed in the announcement.

More information on the proposed Hong Kong scheme and the proposed U.K. plan can be obtained at https://projects.morrowsodali.com/honair. Any holder of the perpetual securities may also direct questions to acctrd@hkairlines.com.

Trading in the perpetual securities on the Stock Exchange of Hong Kong Ltd. has been suspended effective as of Dec. 3, 2019 and will remain suspended until further notice.

Blue Skyview is the financing unit of Hong Kong Airlines.

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