Cathay buys HK Express, will operate it as low-cost carrier | iNFOnews | Thompson-Okanagan's News Source

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Cathay buys HK Express, will operate it as low-cost carrier

March 26, 2019 - 6:44 PM

HONG KONG - Cathay Pacific Airways is acquiring Hong Kong-based budget airline HK Express.

Cathay said Wednesday it will pay 4.93 billion Hong Kong dollars ($628 million) for HK Express. It said the acquisition will retain its identity as a separate brand and be operated as a low-cost carrier.

Cathay, Hong Kong's biggest airline, also owns regional carrier Dragonair and air cargo and catering subsidiaries.

HK Express, founded in 2013, serves destinations throughout East and Southeast Asia.

News from © The Associated Press, 2019
The Associated Press

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