After vehemently accusing Qantas (ASX: QAN) of anti competitive behaviour, Regional Express Airlines (ASX: REX) have lodged their own competitive bid. The Company is intent on acquiring National Jet Express, the regional division of Cobham Services Australia. National Jet Express is a key provider of Fly-In, Fly-Out services to Western Australian and South Australian workers.
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Who doesn’t love a story about an underdog? Seeing the little guy triumph over the bully is the plotline of many a bildungsroman, and Netflix’s latest hit drama series ‘Rex vs Qantas’. Ok, just kidding, but we’re convinced it’s only a matter of time before someone produces the show seeing as there’s more than enough
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Australia’s largest independent operator of regional flight services has noticed a handy win to extend their current contract with Ambulance Victoria by 12 years in a deal valued at more than $300 million to Regional Express (ASX: REX). The deal is on similar terms to the existing contract granted to Rex subsidiary Pel-Air that commenced
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With the support of a $150 million investment from private equity firm PAG Asia Capital, Regional Express Holdings (ASX: REX) is hoping to resume domestic flights between its major cities network by March 2021 after operations were decimated by pandemic travel restrictions. Exclusive negotiations are underway, but the proposed funding would be an investment in
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