News / Cathay Pacific set to buy DHL's share in Air Hong Kong

Darafsh

Cathay Pacific is on the verge of buying DHL’s share of joint-venture cargo carrier Air Hong Kong (AHK).

In a statement to the Hong Kong stock exchange on Friday, Cathay Pacific said it had entered a memorandum of understanding (MoU) with the express operator to acquire its 40% of AHK.

The deal is expected to complete at the end of 2018, coinciding with the joint-venture and block space agreement expiry.

A spokesperson for Cathay Pacific told The Loadstar cargo remained a “very key” and “core” activity for the ...