Cathay Pacific has agreed to take over budget rival Hong Kong Express Airways in a HK$4.93 billion ($628 million) deal that is set to close by the end of the year. A stock exchange disclosure states that Cathay entered into the deal on 27 March with HNA Aviation Group to buy the carrier for HK$2.25 […]
source http://www.ncairways.co/aviation/cathay-pacific-to-buy-hk-express-in-hk4-93bn-deal/
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