Cathay Pacific agrees deal to take over budget airline HK Express, sources say




Cathay Pacific Airways has agreed a deal to acquire budget airline HK Express, according to sources familiar with the matter.Hong Kong’s biggest airline is poised to make a formal announcement as early as Tuesday, though the sources did not elaborate on the agreement between the two sides, including the financial terms.Facing competitive pressures from a trio of rivals including no-frills carriers, jumping into the low-cost travel market could allow Cathay Pacific to attract budget-conscious…



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