Cathay Pacific has accomplished the acquisition of Hong Kong Specific Airways.
HK Specific is now a completely owned subsidiary of Cathay Pacific.
Cathay Pacific chief govt and HK Specific chairman, Rupert Hogg, mentioned: “We’re very excited to welcome HK Specific into the group.
“We strongly imagine that the acquisition is sweet for the travelling public, good for HK Specific, good for the Cathay Pacific Group, and good for the event of Hong Kong as a world aviation hub.
“HK Specific will proceed to function as a stand-alone airline utilizing the low-cost provider enterprise mannequin.
“I might additionally prefer to reassure HK Specific prospects that there isn’t a change to the airline’s working mannequin and that enterprise will proceed as common.
“There can be extra worth fares and extra locations obtainable to travellers.
“We stay up for working with the HK Specific groups to make sure a easy transition and to proceed to develop the airline with a purpose to higher serve its prospects.”
Main the HK Specific staff as chief govt is Ronald Lam who has labored with the Cathay Pacific Group and HAECO for greater than twenty years, most just lately as Cathay Pacific director industrial and cargo.
Hogg defined that the acquisition of HK Specific is a beautiful and sensible manner for the Cathay Pacific Group to develop and develop its aviation enterprise over the long run, whereas additionally enhancing the competitiveness of its Hong Kong dwelling base as a number one aviation hub.
He mentioned: “Our respective companies and enterprise fashions are largely complementary. HK Specific captures a singular market section that, along with the in depth community supplied by the Cathay Pacific Group, might multiply connection alternatives by way of Hong Kong.
“This may deliver large advantages to the travelling public with extra selections and higher comfort for his or her journey expertise.”