logo
logo

Cathay Pacific completes takeover of Hong Kong Express Airways | Aviation

avatar
STAT Times
Jul 22, 2019 10:01
img

Cathay Pacific has completed the acquisition of low-cost carrier Hong Kong Express Airways (HK Express), announced the airline on Friday. Post the completion of the takeover, HK Express is now a wholly owned subsidiary of Cathay Pacific. The Hong-Kong based airline has been working towards finalising the takeover of HK Express, backed by indebted Chinese conglomerate HNA, from whom it bought the low-cost airline for HK$4.93 billion ($630 million) in March.

 

Read More ...........

collect
0
avatar
STAT Times
Jul 22, 2019 10:01
guide
Zupyak is a free content platform for publishing and discovering stories, software and startups.