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These aircraft are central to Rex’s underlying objective to secure a third of Australian air traffic and become the true third player in the market. To achieve this, it secured a $150 million ...
Rex was about $500m in debt to 4,800 creditors when EY was appointed as the administrator in June. It has since sold some assets to repay creditors, including its aeromedical arm Pel-Air to Toll ...
The transaction is subject to regulatory approval. “Today the administrators for Rex Airlines have advised the sale of Pel-Air, part of the Rex business, to Helicorp Pty Ltd, part of Toll ...
The Pel-Air business was ringfenced from the administration, however, along with Rex’s 50 per cent stake in charter flying business National Jet Express.
Credit: Toll Group Bankrupt Australian carrier Rex is reportedly close to selling off one of its subsidiary carriers, Pel-Air. According to the Australian Financial Review, Rex is in talks with ...
and accountable manager of Western Air, a family-owned private airline based in The Bahamas. Sherrexcia’s position went into effect on Jan. 1, 2024, succeeding her father, Captain Rex Rolle.
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