Hong Kong flag carrier Cathay Pacific announced Wednesday that it will buy budget airline

Hong Kong flag carrier Cathay Pacific announced Wednesday that it will buy budget airline HK Express for U.S.$628.15 million, as it moves to counter competition from the increasing number of low-cost carriers in the region.
Japan Today

Hong Kong flag carrier Cathay Pacific
[announced] (Wednesday)
that

キャセイパシフックはアナウンスしました。

it
[will buy]
budget airline HK Express

[for] U.S.$628.15 million

キャセイは格安航空会社を買う。

, as

S it
V [moves]

補足[to counter]
O competition

キャセイは競争の対策に動く

[from] the increasing number [of] low-cost carriers
[in] the region.

増える格安航空会社数

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