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.
cxflyer
cxflyer
Member since 12 Feb 2013
Total posts 19
Cathay Pacific Airways will pay HK$4.93 billion (US$628 million) to buy budget carrier HK Express from the HNA Group
kimshep
kimshep
Qantas - Qantas Frequent Flyer
Member since 11 Oct 2014
Total posts 412
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