HK Express (formally known as Hong Kong Express) is a low-cost carrier based at Hong Kong International Airport. The carrier operate a fleet of narrowbody equipment. HK Express provides passenger services within the narrowbody range. The carrier changed from a Full service to a Low-cost model effective 27-Oct-2013.
On 27-Mar-2019, Cathay Pacific announced it entered into a share purchase agreement for the acquisition of 100% of HK Express for HKD4.93 billion (USD628.1 million), comprising of HK2.25 billion (USD286.7 million) cash and a non cash component of HKD2.68 billion (USD341.4 million). The transaction is expected to complete on or before 31-Dec-2019 by when HK Express will become a wholly owned subsidiary of Cathay Pacific. HK Express will be operated as a stand alone airline using the LCC model.
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