Qantas Airways Ltd (QAN.AX)
24 Apr 2019
SINGAPORE 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. | Video
* Shareholder of HK Express holding co might contest transaction (Adds potential for deal termination, HK Express comment)
SINGAPORE Hong Kong's Cathay Pacific Airways Ltd, in talks to buy low-cost carrier Hong Kong Express Airways, believes budget airlines have a "unique market segment" it does not capture at present, Chief Executive Rupert Hogg said on Monday.
SINGAPORE, March 18 Hong Kong's Cathay Pacific Airways Ltd, in talks to buy low-cost carrier Hong Kong Express Airways, believes budget airlines have a "unique market segment" it does not capture at present, Chief Executive Rupert Hogg said on Monday.
HONG KONG/SINGAPORE Hong Kong flagship carrier Cathay Pacific Airways Ltd said on Tuesday it is in "active discussions" about an acquisition involving budget airline Hong Kong Express Airways Ltd, although an agreement has yet to be reached.
* Cathay shares jump more than 3 pct (Adds HK Express comment)
SINGAPORE, Feb 21 Qantas Airways Ltd will start the ball rolling on replacing its domestic fleet, including 75 Boeing 737s, toward the end of this year with a decision on the type and number of aircraft expected in 2020, its chief executive said.
* Fuel costs to be fully recovered by revenue gains by yr end
Feb 21 Australia's Qantas Airways Ltd on Thursday reported a near 19 percent fall in half-year profit, as increased international revenue failed to fully offset a margin squeeze from higher fuel prices.
* Virgin, Qantas shares rise on result (Recasts with milestone, adds quotes, share price rise, details on outlook)