HK Express started with just five aircraft in 2014 but now flies to 27 destinations. Photo: Winson Wong

Cathay Pacific completes takeover of Hong Kong’s only low-cost airline, paying HK$4.93 billion for HK Express

  • Cathay launched a takeover bid for low-cost carrier, which had been backed by indebted Chinese conglomerate HNA Group, on March 27
  • Ronald Lam, Cathay’s director of commercial and cargo, will head the budget airline as CEO
Topic |   Cathay Pacific

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HK Express started with just five aircraft in 2014 but now flies to 27 destinations. Photo: Winson Wong
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A HK Express Airline plane at Hong Kong International Airport. The budget carrier will be taken over by Cathay Pacific this year. Photo: Winson Wong

Low-cost carrier HK Express overtakes combined might of Cathay Pacific and Cathay Dragon on non-stop flights to Japan

  • Shift indicates threat of low-cost carriers to city’s top airline
  • Cathay bought HK Express in March for HK$4.93 billion
Topic |   Hong Kong aviation

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A HK Express Airline plane at Hong Kong International Airport. The budget carrier will be taken over by Cathay Pacific this year. Photo: Winson Wong
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