Business
Why the Regional Express (ASX:REX) share price is flying higher today
The Regional Express Holdings Ltd (ASX: REX) share price is trading close to its 52-week high after an overseas interest gained investment approval today. After an early surge, the Regional Express share price is trading up 1.32%, at $2.31.
This is the latest piece of good news for the regional airline that has seen its share price soar in recent weeks. Brushing aside COVID-19 impacts that largely decimated the travel sector this year, the Regional Express share price is up an astonishing 97% since the start of the year.
What happened today?
This morning, leading Asian investment firm PAG confirmed it had been granted Foreign Investment Review Board approval to acquire an interest in Regional Express.
The approval was sought in…
-
Noosa News22 hours agoLaidley e-scooter death: Tragic new details after Summah Richards killed in freak accident
-
General23 hours agoMinjee Lee rallies after third-round meltdown to share fifth place at LA Championship
-
General16 hours agoUkraine says Russia has ramped up attacks despite ‘Easter truce’
-
General21 hours agoEaster drowning toll in NSW rises after fisherman swept off rocks in Sydney’s south