8p. Memo - Early Termination of an Agreement between the Port and Cathay Pa

COMMISSION 
AGENDA MEMORANDUM                        Item No.          8p 
ACTION ITEM                            Date of Meeting     December 14, 2021 
DATE:     November 2, 2021 
TO:        Stephen P. Metruck, Executive Director 
FROM:    Lance Lyttle, Managing Director, Aviation 
Jeff Moken, Interim Director, Aviation Business and Properties 
SUBJECT:  Early Termination of an Agreement between the Port and Cathay Pacific Airways 
Amount of this request:                      N/A 
Total estimated project cost:                  N/A 
ACTION REQUESTED 
Request authorization for the Executive Director to execute an Early Termination Agreement
between the Port of Seattle (Port) and Cathay Pacific Airways in advance of its scheduled
expiration of December 31, 2022. 
SUMMARY 
Cathay Pacific Airways began service between Seattle-Tacoma International Airport (SEA) and
Hong Kong (HKG) on March 31, 2019. After one year of service, Cathay Pacific elected to
discontinue the service due to the financial stress of the COVID-19 pandemic. Under the terms of
the SLOA, Cathay Pacific mostly utilized Common Use Premises, the fees for which are based on
activity. Now that Cathay Pacific is not flying, they are not incurring any of these fees. Terminating
the Cathay Pacific SLOA early will have no financial impact on the Port. 
Keeping the SLOA in place requires Cathay Pacific to provide the Port evidence of liability
insurance and surety. As Cathay Pacific no longer has a physical presence at SEA, and they are
not incurring any charges, neither of these requirements provide a benefit to the Port any longer,
and it provides no harm to the Port to allow the early termination of the SLOA between the Port
and Cathay Pacific. 
There are no attachments to this memo. 



Template revised April 12, 2018.

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