Bloomberg Cathay Pacific Airways Ltd completed the acquisition of Hong Kong’s only budget carrier as the company expects to lift its market share amid growing competition from mainland Chinese airlines. Hong Kong Express Airways Ltd, which was previously owned by HNA Group Co, will continue operating as a standalone airline under the low-cost model, Cathay said in a statement. The ...

Bloomberg GrandVision NV surged after Ray-Ban sunglasses owner EssilorLuxottica SA began takeover talks in a deal that would value the smaller Dutch eyewear retailer at about $8 billion. EssilorLuxottica is holding talks with GrandVision’s controlling shareholder, HAL, to buy the firm’s approximately 77 percent stake, HAL said in a statement in response to a Bloomberg report, which was confirmed later ...

Bloomberg Australia and New Zealand grounded Gippsland GA8 Airvan planes over safety concerns after a deadly crash in Sweden this month killed nine. Australia’s Civil Aviation Safety Authority (CASA) halted operations of the planes made by Gippsaero Pty Ltd for 15 days, it said, adding it has sent an airworthiness engineer to Sweden to observe the crash investigation and collect ...