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An update from Regional Express Holdings Limited ( (AU:REX) ) is now available.
Regional Express Holdings Limited has successfully repaid its remaining debt to PAGAC Regulus Holding Pte. Ltd by utilizing proceeds from the sale of non-core assets, including a flight simulator and an aircraft. This strategic move, executed under the guidance of appointed administrators, aims to strengthen the company’s financial position and ensure operational stability, potentially enhancing its market standing and stakeholder confidence.
More about Regional Express Holdings Limited
Regional Express Holdings Limited operates in the airline industry, providing regional and domestic air transport services. The company focuses on offering efficient and reliable flight services across various regions, contributing to the connectivity and economic development of the areas it serves.
YTD Price Performance: 0.65%
Technical Sentiment Signal: Buy
Current Market Cap: €37.35M
See more insights into REX stock on TipRanks’ Stock Analysis page.