Skip to main content
Open this photo in gallery:

Hong Kong carrier Cathay Pacific announced on March 27, 2019 it will buy budget airline HK Express for 4.93 billion Hong Kong dollars (US$628 million).ANTHONY WALLACE/AFP/Getty Images

Cathay Pacific Airways is acquiring Hong Kong-based budget airline HK Express.

Cathay said Wednesday it will pay 4.93 billion Hong Kong dollars (US$628 million) for HK Express. It said the acquisition will retain its identity as a separate brand and be operated as a low-cost carrier.

Cathay, Hong Kong’s biggest airline, also owns regional carrier Dragonair and air cargo and catering subsidiaries.

HK Express, founded in 2013, serves destinations throughout East and Southeast Asia.

Follow related authors and topics

Authors and topics you follow will be added to your personal news feed in Following.

Interact with The Globe