Regional Express: Preparing for take-off with the big airlines
- Regional Express (REX) is ready to take on Qantas and Virgin as it plans on creating a new domestic operation
- The company currently has its foot in the door in the regional game but now wants to go to the big capital cities
- The Board has approved the company’s raise of $30 million for the start-up
- The airline has been speaking to potential parties to help fund the big move and has seen strong interest
- Domestic operations will priced at affordable prices but it will also include baggage allowance, meals on board and pre-assigned seating
- On market close, Rex is up 17.02 per cent and is selling shares for $1.10 each
