REX is not 100% foreign owned. In fact the top 20 shareholders only own 86.8% of the company. You would be surprised at who owns small holdings in REX. REX is up 23% today on the ASX.
REX know the SF340 is too small for the larger markets in the ADL-MEL-CBR-SYD incl Tasmania golden triangle. They are looking at larger aircraft again. This makes 3 airlines who are interested in commencing an operation cherry picking routes. Watch this space when the wheels fall off VA.