Mar 27, 2019 SOURCE: AFP
Cathay Pacific to buy budget airline HK Express for $628 mn
Hong Kong flag carrier Cathay Pacific announced Wednesday that it will buy budget airline HK Express for US$628.15 mn, as it moves to counter competition from the increasing number of low-cost carriers in the region.
The HK$4.93 bn acquisition leaves Cathay Pacific in control of three of the four airlines...
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