PPRuNe Forums - View Single Post - REX to transition to ATRs, start domestic jet ops
Old 18th May 2021, 00:34
  #1113 (permalink)  
Ladloy
 
Join Date: Jul 2018
Location: Sydney
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Originally Posted by No Idea Either
I imagine that it would be very remiss, even a ‘corporate crime’ to have the two operations exposed to each other so I had assumed they were siloed. But since PAG is investing in the jets but converting their investment into general Rex shares, if the jets fall over and PAG takes a 42% (?) interest, diluting the shares in the process, how does this stand with the business and the Aussie shareholders......I guess they don’t get a say in the matter as the company is majority foreign owned.
if you look at the top 20 shareholders there's not much left to aussies.
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