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Cathay Pacific has confirmed that its experienced leader, Ronald Lam, will lead Hong Kong Express now that the acquisition of the low-cost carrier is finalized.
Lam was most recently director of Cathay Pacific's commercial and freight operations and has been with the HAECO group and engineering group for more than 20 years.
He will head a low-cost company that is now a wholly owned subsidiary of the Cathay Pacific Group but will continue to operate as a stand-alone airline.
READ: American and Qantas have the green light for the joint venture.
Cathay announced in March that it would buy back HK Express from the troubled HNA Chinese group for HK $ 4.93 billion ($ 630 million).
It is seen as a way for Hong Kong's largest airline to expand its business at home while strengthening its hub against growing competition from low-cost airlines.
"We are firmly convinced that this acquisition is beneficial for the traveling public, for HK Express, for the Cathay Pacific Group and for the development of Hong Kong as a global hub for aviation," said Rupert, director General of Cathay and President of HK Express, Hogg said.
Hogg confirmed that the new acquisition would continue to operate under the low-cost economic model.
"I also want to rebadure HK Express customers that the company's business model has not changed and that business will continue as usual," he said.
"There will be more attractive fares and more destinations available to travelers.
"We look forward to working with HK Express teams to ensure a smooth transition and continue to develop the airline to better serve its customers."
Hogg noted that the activities of the group's airlines were largely complementary.
"HK Express covers a single market segment that, coupled with the extensive network offered by the Cathay Pacific Group, could increase connection opportunities via Hong Kong," he said.
"This will bring huge benefits to the traveling public with more choice and greater convenience for their travel experience."
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