Cathay to acquire HK Express
Mar 30, 2019, 5:30 am
#46
Join Date: Feb 2013
Posts: 27
Interestingly Hainan Air was bailed out this month by an unknown party on some notes that became due according to SCMP, they also have been subjected to court action over unpaid leasing fees.
Interesting to see how long HK airlines is around given HK Express was likely generating the cash with a lower cost base.
CX clearly can smell blood in the water, they will want to use UO crew agreements to keep pressing down on their pilots and cabin crew conditions.
As with jetstar to Qantas may start to see all the investment going to the low cost unit and receiving the new metal, marketing $ and expanding into new markets whilst the legacy carriers are allowed to shrink
Interesting to see how long HK airlines is around given HK Express was likely generating the cash with a lower cost base.
CX clearly can smell blood in the water, they will want to use UO crew agreements to keep pressing down on their pilots and cabin crew conditions.
As with jetstar to Qantas may start to see all the investment going to the low cost unit and receiving the new metal, marketing $ and expanding into new markets whilst the legacy carriers are allowed to shrink
Jul 12, 2019, 11:54 pm
#51
Join Date: Jun 2005
Location: Toronto, Canada
Posts: 946
Jul 13, 2019, 1:16 am
#53
Join Date: Oct 2016
Posts: 291
Source? I can’t find this news. Only something relating to HK Airlines https://www.scmp.com/business/compan...talks-buy-hong
I can find the link of chinese media only.
It is reported that the deal is almost done and Cathay pacific will announce in next week.
HK express will operate as a separate entity and will not change its name.
Jul 13, 2019, 2:38 am
#54
Join Date: Jun 2005
Location: Toronto, Canada
Posts: 946
https://www.hk01.com/%E8%B2%A1%E7%B6...BF%AB%E9%81%8B
I can find the link of chinese media only.
It is reported that the deal is almost done and Cathay pacific will announce in next week.
HK express will operate as a separate entity and will not change its name.
I can find the link of chinese media only.
It is reported that the deal is almost done and Cathay pacific will announce in next week.
HK express will operate as a separate entity and will not change its name.
Jul 13, 2019, 4:23 am
#55
Join Date: Sep 2005
Location: TPE / HSZ
Programs: CX GO (=SPH), IHG Diamond Amb, Hertz 5*, Accor, Hilton, National
Posts: 6,437
Not entirely familiar with how things work between QF and JQ, but https://www.jetstar.com/au/en/flight...frequent-flyer seems to indicate that at least some fares earn both status credits and Qantas points, which would be equivalent to MPO tier points and AM? Also, QF code-shares on a lot of JQ routes, too.
Jul 13, 2019, 6:09 am
#57
Join Date: Jul 2015
Location: SYD | HGH
Programs: CX DM, Hyatt Globalist, Hilton DM, Marriott Plat
Posts: 2,121
Not really, UO doesn't have any long haul, and expect to pay top fare in order to earn maybe 5-20 cp depends on distance....doubt this add more elites, however all of us existing elites will have a bit more choices, if lounge access and little bit of cp can be provided.
Jul 13, 2019, 6:25 am
#58
Join Date: Sep 2005
Location: TPE / HSZ
Programs: CX GO (=SPH), IHG Diamond Amb, Hertz 5*, Accor, Hilton, National
Posts: 6,437
Source? I can’t find this news. Only something relating to HK Airlines https://www.scmp.com/business/compan...talks-buy-hong
禁投資其他香港航空公司
此外，協議訂明當時的三方股東（包括太古、中信泰富及國航）均不得投資除國泰、港龍及其附屬公司之外的以香 港為基地的航空公司，或成立以香港為根據地的航空公司。而中信泰富和國航均不會參與國泰及港龍 的日常管理。
此外，協議訂明當時的三方股東（包括太古、中信泰富及國航）均不得投資除國泰、港龍及其附屬公司之外的以香 港為基地的航空公司，或成立以香港為根據地的航空公司。而中信泰富和國航均不會參與國泰及港龍 的日常管理。
Jul 13, 2019, 6:27 am
#59
Join Date: Sep 2005
Location: TPE / HSZ
Programs: CX GO (=SPH), IHG Diamond Amb, Hertz 5*, Accor, Hilton, National
Posts: 6,437
Jul 13, 2019, 9:13 am
#60
Original Poster
Join Date: Oct 2013
Posts: 289
CITIC used to be one of the major shareholders of CX and KA. It seems that they remain interested in HK aviation. On the other hand, Swire, CA, and CITIC had an agreement that none of them is allowed to invest in another HK-based airline (Chinese source below). Perhaps CITIC is no longer bound to the agreement after it sold its shares to CA and Swire in 2009.
Source: https://www.hk01.com/財經快訊/146216/國泰股...38480;制
Source: https://www.hk01.com/財經快訊/146216/國泰股...38480;制