According to the Zhitong Finance App, Century City International (00355), Pelipao Holdings (00617) and REGAL INT'L (00078) issued a joint announcement. On April 26, 2024, the seller Navigation Force Limited (a wholly-owned subsidiary of Regal), the MSN 1689 buyer and the MSN 1696 buyer have already agreed to sell the first aircraft and the second aircraft. The MSN 1689 buyer has already agreed to buy the first aircraft, and The MSN 1696 buyer has agreed to purchase a second aircraft at a total cost of $44.5 million, subject to a number of payment adjustments upon delivery of the aircraft.

According to reports, the first aircraft is an A320-232 Airbus aircraft, the manufacturer's serial number is 1689, and the aircraft registration number is G-EUUB; the second aircraft is an A320-232 Airbus aircraft, the manufacturer's serial number is 1696, and the aircraft registration number is G-EUUC.

MSN 1689's buyer is Tawny Owl Leasing 1689, LLC, which is mainly engaged in aircraft ownership and/or leasing business; MSN 1696 buyer is Tawny Owl Leasing 1696, LLC, which is mainly engaged in aircraft ownership and/or leasing business. MSN 1689 Buyer and MSN 1696 Buyer are indirectly wholly owned by Avenue Aviation Opportunities Fund III (Onshore), L.P. (a limited partnership fund formed under the laws of the State of Delaware, USA) and managed by Avenue Capital.

The total sales amount of $44.5 million from the sale (subject to some adjustments to payments upon delivery of the aircraft) will be used as general working capital for Regal Group to strengthen its financial position.