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Regional Express Holdings Signs Binding Agreement With PAG On Funding
Regional Express Chairman Says Airline To Offer 9 Daily Return Flights On Sydney-Melbourne Route When Major City Services Launch In March
REX Announces Exclusive Negotiations Regarding Funding For Domestic Major City Jet Ops
Regional Express Holdings Limited is engaged in the provision of air services for the transportation of passengers and freight. The Company's segments include Regular public transport and Charter. Its products and services include Amend Bookings, Redeem Reward Flights, Web Check-in, Print Invoices, Safe Hand Baggage, Rextra Legroom, Rex Business Flyer, Rex Lounge, Rex Collection, Rex Partners, Travel Insurance, Queensland Freight, Local Fare Scheme and Snowy Mountain Shuttle. Its regular public transport (RPT) network services approximately 60 airports throughout South Australia, Victoria, Tasmania, New South Wales, Queensland and Western Australia. It operates a fleet of over 50 Saab 340 aircraft on approximately 1,500 weekly flights to over 60 destinations throughout all states in Australia. Its wholly owned subsidiaries are Pel-Air Aviation, and air freight, aeromedical and charter operator; the pilot academies Australian Airline Pilot Academy and ST Aerospace Academy STAA(A).
81 - 83 Baxter Rd
Kim Hai Hai Lim
Executive Chairman of the Board
Independent Deputy Chairman of the Board
Christopher Peter Hine
Chief Operating Officer, Director
Neville George Howell
Chief Operating Officer, Director
General Manager - Engineering
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Regional Express Holdings Ltd (Rex) aims to have around 30 or 40 narrowbody jets operating on domestic routes in Australia by the end of 2022 if its expansion to major cities is a success, the airline's deputy chairman said on Wednesday.
As Virgin Australia shrinks to survive the pandemic, tiny Regional Express Holdings Ltd (Rex) <REX.AX> is picking up some of its larger rival's planes and staff on the cheap - and attracting investors who see profit in the high-stakes plan.
Australian airline Regional Express Holdings Ltd (Rex) said on Tuesday it was in advanced talks with Asian investment firm PAG Asia Capital for up to A$150 million ($108.4 million) of funding to launch jet services between major cities.
Regional Express Holdings Ltd (Rex) said on Monday its board had approved plans to raise at least A$30 million ($20.57 million) to launch jet services that would compete against Qantas Airways Ltd and Virgin Australia Holdings Ltd.
* Operations would start on March 1, 2021 if approved (Adds details of approaches from parties, current operations)
Australian airline Regional Express Holdings Ltd (REX) is exploring the feasibility of operating between major cities and is in talks with potential partners for an equity investment estimated at A$200 million ($129 million), it said on Wednesday.
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