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Business deals

Cathay Pacific eyes new growth with budget airline takeover

AirAsia chief predicts acquisition will bring 'family problems'

 The Hong Kong airline said Sino-American trade tensions were partly responsible for a downturn in its cargo business.(Photo by Shinya Sawai)

HONG KONG -- For the price of a handful of new planes, Cathay Pacific Airways' buyout of budget airline Hong Kong Express will reinforce the company's dominance over Asia's busiest international air hub as it completes a big expansion of capacity.

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