Regional Express Holdings Ltd (ASX:REX) Completes NJE Share Sale
Completion of Sale
Regional Express Holdings Ltd (ASX:REX) has successfully completed the sale of Air Partner’s 50% shareholding in National Jet Express (NJE). This transaction was finalised on 22 November 2024 and involved entities controlled by existing shareholders of NJE.
Financial Strategy
The proceeds from the sale will be directed towards repaying secured debt within the Rex Group. This strategic financial move aims to strengthen the company’s balance sheet and improve its overall financial position.
Administration Update
This announcement is made under the authority of the Voluntary Administrators, Adam Nikitins, Samuel Freeman, and Justin Walsh of Ernst & Young, who are overseeing the operations of the Rex Group.
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