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Cathay Pacific’s acquisition of Hong Kong Express Airways Limited

March 29, 2019 Business News No Comments Email Email

Cathay Pacific has entered into a Share Purchase Agreement for the acquisition of Hong Kong Express Airways Limited (HKE) for HK$4.93 billion (AU$886 million).

The acquisition is expected to benefit travellers and Hong Kong as a hub, as the businesses and business models of Cathay Pacific and HKE are largely complementary. It is intended that HKE will continue to operate as a standalone airline using the low-cost carrier business model.

The transaction is expected to complete on or before 31 December 2019.

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