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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