CX in talks to acquire HK Express

[yohy?!]

CX formally announced to the market today that they are in talks to acquire HK Express from HNA group. If it goes ahead will be good for HK in terms of having a 'proper' LCC under CX standards.

No announcement regarding Hong Kong Airlines however.

Should put an interesting spin on the VA tie up - if it goes ahead seems like Hong Kong Airlines will be wound up given the parlous state of their finances.

 

[Isochronous]

Hopefully they can then stop trying to LCC-ise CX mainline!

 

[AIRwin]

Cathay Pacific to buy airline HK Express

 

[yohy?!]

Interesting to note also that Hainan airlines was frozen by a Chinese court over unpaid leasing fees and almost defaulted this month

 

[AIRwin]

Cathay Pacific shifts planes to HK Express, going big on low-cost carrier

Order for 32 Airbus A321neo single-aisle jets to be divided equally between its full-service regional carrier Cathay Dragon and HK Express.

www.scmp.com