Cathay Pacific Airways said on Wednesday it had agreed to buy Hong Kong Express Airways from cash-strapped conglomerate HNA Group for 4.93 billion Hong Kong dollars ($628.1 million), giving it a foothold in the fast-growing budget travel market.
from World News & Analysis https://www.cnbc.com/2019/03/27/cathay-pacific-to-buy-budget-airline-hk-express-for-628-million.html
Wednesday, March 27, 2019
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