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Cathay Pacific to buy budget airline HK Express for HK$4.93b

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Hong Kong flag carrier Cathay Pacific announced on Wednesday it will buy budget airline HK Express for HK$4.93 billion (S$850 million).

[HONG KONG] Hong Kong flag carrier Cathay Pacific announced on Wednesday it will buy budget airline HK Express for HK$4.93 billion (S$850 million).

The purchase comes as the airline moves to counter competition from an increasing number of budget carriers in the region.

AFP

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