Cathay Pacific to buy HK Express from HNA Group

By cxflyer | Mar 27, 2019, 12:04 PM
Cathay Pacific Airways will pay HK$4.93 billion (US$628 million) to buy budget carrier HK Express from the HNA Group

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By kimshep | Mar 31, 2019, 11:01 AM

As an interesting follow-on to Cathay's (CX) purchase of Hong Kong Express, it appears that Qantas (QF) also seriously ran it's numbers over a bid for HKE but decided not to bid, given the potential damage to QF/CX relations that such a purchase would accrue.


See: http://www.orientaviation.com/articles/4259/hk-express-acquisition-could-set-new-benchmark-for-competition-concentration

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