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Cathay Pacific to buy HK Express from HNA Group

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cxflyer

Member since 12 Feb 2013

Total posts 18

Cathay Pacific Airways will pay HK$4.93 billion (US$628 million) to buy budget carrier HK Express from the HNA Group

kimshep

Qantas - Qantas Frequent Flyer

Member since 11 Oct 2014

Total posts 319

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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