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Cathay Pacific in talks to buy stake in HNA's HK Express Airways

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Staff Writer |
Cathay Pacific
Acquisition   Cathay said it had decided to go public

Cathay Pacific Airways said it is in “active discussions” about an acquisition involving budget airline Hong Kong Express Airways.

Cathay said it had decided to go public about the discussions in response to media reports suggesting it may be in talks to acquire shares in Hong Kong Express Airways and full-service sister carrier Hong Kong Airlines from cash-strapped Chinese conglomerate HNA Group.

It did not detail the potential value of the transaction, nor the size of the stake it would hold. It said it would issue an additional statement when appropriate.

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