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Australia to Acquire Remaining Rex Debt from PAG

ByAdmin

The Australian government has confirmed plans to acquire the remaining debt of Rex Airlines, valued at $31 million, from investor PAG (Singapore). This move signifies the government’s commitment to supporting the domestic aviation industry and ensuring the financial stability of one of its key regional carriers.

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Rex Airlines to Sell Southern New South Wales Flight School

ByAdmin

Rex Airlines, Australia’s prominent regional carrier, has announced the sale of its flight school located in southern New South Wales. This sale could generate approximately $17 million, providing Rex with additional financial resources to support its broader operational and expansion plans. The decision reflects Rex’s strategic approach to optimizing its assets and maintaining a strong…