{"id":266632,"date":"2019-03-27T06:52:35","date_gmt":"2019-03-27T06:52:35","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=266632"},"modified":"2019-03-27T06:52:35","modified_gmt":"2019-03-27T06:52:35","slug":"cathay-pacific-to-buy-hk-express-for-628-mn-enter-budget-airline-segment","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cathay-pacific-to-buy-hk-express-for-628-mn-enter-budget-airline-segment\/","title":{"rendered":"Cathay Pacific to buy HK Express for $628 mn, enter budget airline segment"},"content":{"rendered":"<p>Cathay Pacific Airways said on Wednesday it had agreed to buy Hong Kong Express Airways Ltd from cash-strapped Chinese conglomerate HNA Group for HK$4.93 billion ($628 million), giving it a foothold in the fast-growing budget travel market. <\/p>\n<p>A lack of slots at Hong Kong International Airport until an expansion is completed in 2024 had constrained Cathay&#8217;s ability to follow peers like Singapore Airlines Ltd and Qantas Airways Ltd and set up its own budget brand. <\/p>\n<p>Cathay said it would continue operating HK Express as a standalone carrier using a low-cost business model.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cathay Pacific Airways said on Wednesday it had agreed to buy Hong Kong Express Airways Ltd from cash-strapped Chinese conglomerate HNA Group for HK$4.93 billion ($628 million), giving it a foothold in the fast-growing budget travel market. A lack of slots at Hong Kong International Airport until an expansion is completed in 2024 had constrained Cathay&#8217;s ability to follow peers like Singapore Airlines Ltd and Qantas Airways Ltd and set up its own budget brand. Cathay said it would continue operating HK Express as a standalone carrier using a low-cost business model.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-266632","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/266632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=266632"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/266632\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=266632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=266632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=266632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}