Originally Posted by
markis10
Three additional 737s to join the fleet as Rex announce a small loss, on the last day of VH-RQG being in the fleet.
That "small loss" is largely propped up by Rex booking a $20.7 million gain on a revaluation of the PAG convertible notes and warrants, a handful of other book value losses/gains, and the waiver of a settlement payment by Cobham that netted out to a $4.3 million "benefit" - total booked benefit being $28.8 million.
Rex actually incurred an operating loss of around $27 million for the six months to 31 December 2023; somewhat astoundingly NJE continues to lose money.