shortly
The wording of the letters was as follows:
"In accordance with section 5.1 of the Agreement this letter is to give the Hong Kong Aircrew Officers Association notice of Cathay Pacific Airways Limited’s intention to terminate the Agreement at the end of the period of validity (as defined in the Agreement). As such the Agreement will terminate with effect from 1st July, 2002."
For your ease of reference I have attached the following dictionary definitions:
can·cel [kánss'l ] verb (past can·celed, past participle can·celed, present participle can·cel·ing, 3rd person present singular can·cels)
1. transitive and intransitive verb stop something from happening: to stop a previously arranged event from happening We had to cancel five classes because nobody showed up. The guest speaker is ill and has had to cancel.
2. transitive and intransitive verb end contract: to withdraw officially or legally from a contract Members are free to cancel at any time.
3. transitive verb mark as used: to invalidate a legal or official document to show that it has been used and cannot be reused machines that cancel postage stamps
4. transitive verb reverse instruction: to reverse an instruction to a machine, especially a computer, or bring a machine's operation to an end Cancel the download from the Internet.
ter·mi·nate [túrm nŕyt ] (past ter·mi·nat·ed, past participle ter·mi·nat·ed, present participle ter·mi·nat·ing, 3rd person present singular ter·mi·nates) verb
1. transitive and intransitive verb finish: to come to an end, or bring something to an end (formal)
2. transitive verb fire somebody: to discontinue somebody's or a group's employment He was terminated after 20 years in the job.
I think frankg has it correct, don’t you?
Thank you.