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BRIEF-Cathay Pacific Airways Announces Acquisition Of Hong Kong Express Airways For HK$4.93 Bln

March 27 (Reuters) - Cathay Pacific Airways Ltd:

* ACQUISITION OF HONG KONG EXPRESS AIRWAYS LIMITED

* DEAL FOR HK$4.93 BILLION

* INTENDED TO CONTINUE TO OPERATE HKE AS A STANDALONE AIRLINE USING LOW-COST CARRIER BUSINESS MODEL

* CO, HONG KONG EXPRESS HOLDING CO & HNA AVIATION GROUP ENTERED INTO A SHARE PURCHASE AGREEMENT Source text for Eikon: Further company coverage: