Rex receives regulatory nod on National Jet Express

Australian regional and domestic airline Regional Express (Rex) has received pre-assessment clearance from the country’s Competition and Consumer Commission to buy National Jet Express, the regional services arm of Cobham Aviation Services Australia.
In a letter dated 26 July, the regulator said it did not intend to conduct a public review of the proposed acquisition pursuant to section 50 of the Competition and Consumer Act 2010.
The purchase will now proceed once the Foreign Investment Review Board (FIRB) has given its approval. Application to the FIRB was lodged last week and Rex said it was hopeful that an outcome would be forthcoming within one to two months.
Rex is Australia’s largest independent regional and domestic airline operating a fleet of 61 Saab
340 and six Boeing 737-800NG aircraft to 58 destinations throughout all states in Australia. In
addition to the airline Rex, the Rex Group comprises wholly owned subsidiaries Pel-Air Aviation
(air freight, aeromedical and charter operator), the Australian Airline Pilot Academy with
campuses in Wagga Wagga and Ballarat, and propeller maintenance organisation, Australian
Aerospace Propeller Maintenance.

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