PAG poised to invest in Australian airline
PAG Asia Capital is in exclusive negotiations over a A$150 million ($109 million) investment in Regional Express Holdings (Rex), an Australian airline that emerged following the collapse of Ansett Airlines.
The capital would be used to support the launch of domestic service connecting major cities. Pre-COVID-19, the company had a fleet of 60 small aircraft – seating around 30 people – running 1,500 weekly...
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