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Regional Express Holdings Limited ( (AU:REX) ) just unveiled an update.
Regional Express Holdings Limited has announced that the Commonwealth of Australia will acquire a significant portion of its debt from PAGAC Regulus Holding Pte. Ltd for A$50 million, with the Commonwealth becoming the largest secured creditor. This move is expected to provide Rex with greater financial stability as it navigates voluntary administration, potentially impacting its operations and positioning within the airline industry.
More about Regional Express Holdings Limited
Regional Express Holdings Limited, commonly known as Rex, operates in the aviation industry, providing regional and domestic airline services primarily within Australia. The company is known for its focus on regional connectivity, offering flights to various destinations across the country.
YTD Price Performance: 0.65%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €38.44M
See more data about REX stock on TipRanks’ Stock Analysis page.
