Hong Kong Airlines’ affiliate Hong Kong Express Airways will rebrand as a low-cost carrier (LCC) by mid-2013. Hong Kong Airlines president Yang Jianhong said the LCC will confront declining international market demand. Hong Kong Express and Hong Kong Airlines, subsidiaries of Hainan Airlines, were launched in 2004 and 2006, respectively, and merged. Even though they are led by the same management staff, both carriers own separate operating licenses. Hong Kong Express offers ...

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