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Regional Express Faces Legal Action Over Fiscal Outlook Claim

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Regional Express (Australia), also known as Rex, is set to face legal action initiated by the Australian Securities and Investments Commission (ASIC) over allegations of making an inaccurate claim regarding its fiscal 2023 financial outlook.

The case arises from a public statement by Rex forecasting a positive fiscal outlook for 2023, which ASIC claims was inaccurate or potentially misleading. ASIC has indicated that the claim may not have been substantiated by sufficient financial data or evidence, raising concerns over investor misrepresentation and compliance with regulatory standards.

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CAMEX Airlines Adds Boeing 767-300ERBDSF to Fleet

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