Business
Why the Regional Express (ASX:REX) share price has flown 5% higher today
The Regional Express Holdings (ASX: REX) share price is up by 5.51% today, after the airline released a notice to shareholders this morning in advance of its annual general meeting.
Contained in the notice was a request to shareholders to vote for the proposed deal with PAGAC Regulus Holding Pte Ltd (PAG) to fund its push into domestic city routes.
A bit of backstory
Regional Express (Rex) has predominantly been an air service provider for connecting cities to rural areas, and vice versa. However, since the collapse of Virgin Australia in April, Rex has been entertaining the idea of domestic flights from city to city.
In May, Rex addressed the media speculation and stated that it was in discussions with several interested potential…
-
General23 hours agoOf saints and sinners | The Spectator Australia
-
General24 hours agoWhy the nation needs the Nationals to ditch Net Zero
-
General23 hours agoChina and Philippines trade blame over latest South China Sea clash
-
General24 hours agoSmall plane crashes into San Diego neighbourhood, setting homes and vehicles on fire