Cathay Pacific set to acquire LCC Hong Kong Express

Credit: Rob Finlayson
Cathay Pacific is poised to enter Asia’s LCC market after announcing a deal to purchase 100% of Hong Kong Express (HKE) and operate it as a subsidiary. The carrier said the acquisition is valued at HK$4.93 billion ($628.1 million), comprising HK$2.25 billion in cash and a noncash component of HK$2...
Adrian Schofield

Adrian is a senior air transport editor for Aviation Week, based in New Zealand. He covers commercial aviation in the Asia-Pacific region.

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