Australian regional airline REX considers operating between major cities

Australian airline Regional Express Holdings is exploring the feasibility of operating between major cities and is in talks with potential partners for an equity investment estimated at A$200m, it said on Wednesday. The regional turboprop carrier’s interest in big-city operations comes after the second-biggest airline, Virgin Australia Holdings, last month entered voluntary administration and is up for sale. The REX board expects to make a decision in the next eight weeks on whether to proceed, the airline said in a statement, adding that operations would start on March 1, 2021 if it decides to go ahead. REX, which has a market value of A$100m, said it had been approached by several parties interested in providing the equity but did not name them.<br/>