50 SKY SHADES - World aviation news

Cathay Pacific acquired Hong Kong Express Airways

Download: Printable PDF Date: 20 Jul 2019 10:26 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

British Airways First UK airline to offset Carbon Emissions on flights within the UK from 2020

From January 2020, British Airways will become the first UK airline to offset carbon emissions on all its flights within the UK.  All customers flying within the UK next year on flights operat...

Mil and Kamov Design Bureaus to team up as National Helicopter Center

The Board of Directors of Russian Helicopters Holding Company (part of Rostec State Corporation) has taken a decision to unite JSC “Mil Moscow Helicopter plant” and JSC “Kamov”...

Azerbaijan Airlines introduces mobile application for iPhone and Android devices

Azerbaijan’s national air carrier - AZAL rolled out its own mobile application for iOS (version 9.0 or later) and Android (version 5.0 or later) smartphones. The mobile application with...

First Air Astana Airbus A321 Long Range aircraft presented at ceremony in Nur-Sultan

Air Astana presented its first Airbus A321 Long Range (LR) aircraft at a ceremony held in the airline’s technical centre at Nursultan Nazarbayev International Airport . The airline is the f...