by Catherine LAI HONG KONG, China (AFP) — Cathay Pacific’s purchase of rival HK Express was an inevitable plunge into the no-frills market as the premier marque belatedly faces the reality that it can no longer ignore the budget sector, analysts say. Asia’s biggest international carrier has historically eschewed the low-cost sector, even as the region’s rising middle class has fuelled an unprecedented boom in air travel and demand for cheaper routes. But last week […]