REX: Australian Government to become biggest shareholder in failing regional airline
It’s a weird one, but there is reason in this apparent madness. The Australian government will spend AU$50 million to become the biggest stakeholder in Regional Express Airlines (REX). It will purchase the stake from PAG Asia Capital. This will make the Australian Government the airline’s biggest creditor, thus giving it a say in the […] The post REX: Australian Government to become biggest shareholder in failing regional airline appeared first on 2PAXfly - Travel News, Airline Flight and Hotel Reviews.
It’s a weird one, but there is reason in this apparent madness. The Australian government will spend AU$50 million to become the biggest stakeholder in Regional Express Airlines (REX). It will purchase the stake from PAG Asia Capital. This will make the Australian Government the airline’s biggest creditor, thus giving it a say in the […]
The post REX: Australian Government to become biggest shareholder in failing regional airline appeared first on 2PAXfly – Travel News, Airline Flight and Hotel Reviews.
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