PPRuNe Forums - View Single Post - REX to transition to ATRs, start domestic jet ops

19th Nov 2020, 22:48

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ex the ASX: Rex Signs Binding Agreement with PAG on Funding......

REX- ASX announcement (19/11/20) link here: https://cdn-api.markitdigital.com/ap...df02a206a39ff4

A brief extract:

Quote:

19 NOVEMBER 2020-
ASX RELEASE: REX SIGNS BINDING AGREEMENT WITH PAG ON FUNDING FOR DOMESTIC JET OPERATIONS

Rex today announced that it had signed an agreement with PAG Regulus Holdings Pte Ltd (PAG), a subsidiary of leading Asia-Pacific focused investment firm PAG that will see an investment by PAG of up to AUD150 million to be used exclusively to support the launch of Rex’s domestic jet operations scheduled to commence on 1 March 2021 (Funding).......

Subject to Shareholder and FIRB approvals, etc.

rgds
S28- BE

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