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Rex Completes Sale of Air Partner’s Stake in National Jet Express

ByAdmin

Rex (Australia) has completed the sale of Air Partner’s (UK) 50% shareholding in National Jet Express (NJE) to entities controlled by the remaining shareholders of NJE. The proceeds from this transaction will be utilized by Rex to repay secured debt, contributing to its financial stabilization.

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Rex Granted Reprieve in Legal Dispute with Jet Midwest Over Saab 340s

ByAdmin

Regional Express (Rex), an Australian airline, has been granted a temporary reprieve in legal proceedings brought by U.S.-based aviation company Jet Midwest. The dispute centers on four Saab 340 aircraft, which Jet Midwest claims were allegedly taken without proper authorization. Jet Midwest is seeking $7.2 million in damages, citing financial losses associated with the aircraft’s…