Regional Express buys FIFO carrier
Wednesday, 17 Jul, 2022
0
Regional Express (REX) is buying fly-in fly-out (FIFO) airline National Jet Express for $48 million.
National Jet Express operates FIFO services in Western and South Australia as well as charter flights in Papua New Guinea.
REX agreed a deal with owner Cobham Aviation for 100% acquisition.
It flies from Sydney, Adelaide, Brisbane, Melbourne and Coolangatta.
The acquisition is funded by a 50-50 between REX and joint venture partners.
Read Full Story
Have your say Cancel reply
Most Read
TRAINING & COMPETITION
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Woman dies after going overboard in English Channel