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Cathay buys HK Express

  1. #21

    Join Date
    Aug 2014
    Posts
    249

    The idea that Cathay is local is really for the birds. It's 45% owned by London based John Swire and Sons through its Hong Kong holding company, 30% owned by Air China and 10% owned by Qatar Airways which itself is owned by the Qatar government (and 15% others). It's essentially controlled by John Swire and Sons though. Look at their executives.
    Chairman - John Slosar - Joined Swire in 1980.
    CEO - Rupert Hogg - Joined Swire 1986.
    COO - Greg Hughes - Joined Swire 1987.
    CFO - Martin Murray - Joined Swire 1995.
    There are some executives who have only ever worked for Cathay, but Swire runs through the veins of the operation.

    This is also bad news for Hong Kong consumers. Expect fares to monopoly destinations to increase somewhat. This will be bad for travellers heading for Japan and destinations like Da Nang, Siem Reap and Phuket where 'the CX family' will dominate.

    Coolboy likes this.

  2. #22

    Join Date
    Nov 2005
    Location
    Cramped island
    Posts
    3,585

    so the better choice is, since nobody else other than Cathay wanted to takeover at that price, to let HNA eventually goes into receivership amidst their cashflow difficulties and close down HK Express ?


  3. #23

    Join Date
    Aug 2008
    Location
    ??
    Posts
    15,655
    Quote Originally Posted by freeier
    so the better choice is, since nobody else other than Cathay wanted to takeover at that price, to let HNA eventually goes into receivership amidst their cashflow difficulties and close down HK Express ?
    Yes.

  4. #24

    Join Date
    Aug 2019
    Posts
    1

    I'm curious if Cathay status will provide any benefits flying on HKE. It would be great to have priority board, free seat selection, free checked bags or not worry about weight limitations for carry on


  5. #25

    Join Date
    Dec 2009
    Posts
    4,614
    Quote Originally Posted by abnormalkit
    It would be great to have priority board, free seat selection, free checked bags or not worry about weight limitations for carry on
    Cannot la.

    UO/HKE = budget airline.

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