- Regional Express (REX) has completed its investment transaction with PAG Regulus to raise up to $150 million
- With a head office in Sydney, REX is Australia’s largest independent regional and domestic airline
- Regional will also use the capital exclusively to fund its domestic operations
- The first tranche of $50 million has already drawn down, with secured convertible notes issued to PAG
- The remaining balance of $100 million will be available for drawdown over three years
- Meanwhile, Regional has appointed two new non-executive directors, Sid Khotkar and Lincoln Pan, to its board
