Cathay Pacific Airways has confirmed it is considering purchasing a stake in Hong Kong Express (HKE), as Cathay’s financial health appears to be improving. In a stock market notification, Cathay said it is “in active discussions about an acquisition involving HKE.” The Hong Kong-based LCC is currently controlled by China’s HNA Group, which has been divesting assets to alleviate financial difficulties. Cathay cautions that no agreement regarding HKE has been ...

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