M&A Deal Summary

Cathay Pacific Airways Acquires HK Express

On March 27, 2019, Cathay Pacific Airways acquired airliner HK Express for 4.9B HKD

Acquisition Highlights
  • This is Cathay Pacific Airways’ 1st transaction in the Airlines sector.
  • This is Cathay Pacific Airways’ largest (disclosed) transaction.
  • This is Cathay Pacific Airways’ 1st transaction in China.

M&A Deal Summary
Date 2019-03-27
Target HK Express
Sector Airlines
Buyer(s) Cathay Pacific Airways
Deal Type Add-on Acquisition
Deal Value 4.9B HKD

Target

HK Express

Hong Kong, China
HK Express is a low-cost budget airline serving the Asia/Pacific region. HK Express was formed in 1995 and is headquartered in Hong Kong.

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Buyer(S) 1

Buyer

Cathay Pacific Airways

Hong Kong, China
Category Company
Founded 1946
Sector Airlines
Employees27,200
Revenue 94.5B HKD (2023)
DESCRIPTION

Cathay Pacific Airways is a provider of operating scheduled airline services, airline catering, aircraft handling, aircraft engineering and cargo terminal operation. Cathay Pacific Airways was founded in 1946 and is based in Hong Kong, China.

DEAL STATS #
Overall 1 of 1
Sector (Airlines) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (China) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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