50 SKY SHADES - World aviation news

Cathay Pacific acquired Hong Kong Express Airways

Download: Printable PDF Date: 20 Jul 2019 14:26 (UTC) categories:
Publisher:
Cathay Pacific acquired Hong Kong Express Airways - Airlines publisher
Tatjana Obrazcova
Aircraft: Airplanes Airline: Cathay Pacific

Cathay Pacific acquired of Hong Kong Express Airways, which is now its wholly owned subsidiary. However, HK Express will remain a stand-alone low-cost carrier to serve a niche value market segment

Cathay Pacific Chief Executive Officer and HK Express Chairman Rupert Hogg said: “We are very excited to welcome HK Express into the group. We strongly believe that the acquisition is good for the travelling public, good for HK Express, good for the Cathay Pacific Group, and good for the development of Hong Kong as a global aviation hub.

“HK Express will continue to operate as a stand-alone airline using the low-cost carrier business model. I would also like to reassure HK Express customers that there is no change to the airline’s operating model and that business will continue as usual. There will be more value fares and more destinations available to travellers.

“We look forward to working with the HK Express teams to ensure a smooth transition and to continue to grow the airline in order to better serve its customers.”

Leading the HK Express team as CEO is Ronald Lam who has worked with the Cathay Pacific Group and HAECO for more than twenty years, most recently as Cathay Pacific Director Commercial & Cargo.

Mr Hogg explained that the acquisition of HK Express is an attractive and practical way for the Cathay Pacific Group to develop and grow its aviation business over the long term, while also enhancing the competitiveness of its Hong Kong home base as a leading aviation hub.

He said: “Our respective businesses and business models are largely complementary. HK Express captures a unique market segment that, together with the extensive network offered by the Cathay Pacific Group, could multiply connection opportunities through Hong Kong. This will bring tremendous benefits to the travelling public with more choices and greater convenience for their travel experience.”



Loading comments for Cathay Pacific acquired Hong Kong Express Airways...


Recommended

Riga Airport has finished the construction of the second rapid-exit taxiway and the reconstruction of a part of the runway

The second rapid-exit taxiway, built with the support of the Cohesion Fund, has been put into operation at Riga Airport. The renovation of a part of the runway at the Airport's own expense has als...

Piper Aircraft is now offering AeroMech RVSM on M500/M600 aircraft

Piper Aircraft is now offering Reduced Vertical Separation Minimum (RVSM) certification as a factory option on the Piper M500 and M600 turboprop aircraft. The RVSM STC was approved by AeroMech&rs...

BAA Training is the first ATO to launch Pilot Peer Support Program

BAA Training is the first ATO to launch a PPSP that became mandatory for European operators on 14 February 2021. The regulation is restricted to airlines and does not extend to training providers. How...

MTU Maintenance delivers 500th CF34-10E engine to Kenya Airways

MTU Maintenance, global leader in customized aero engine solutions handed over its of 500th overhauled CF34-10E to valued customer Kenya Airways in a virtual ceremony yesterday. MTU Maintenance h...