Regional Express Holdings Ltd (ASX:REX) Completes Debt Assignment
Debt Assignment Completion
Regional Express Holdings Ltd (ASX:REX) has successfully completed the assignment of debt from PAGAC Regulus Holding Pte. Ltd to the Commonwealth of Australia. This transfer was confirmed by the joint voluntary administrators, Adam Nikitins, Samuel Freeman, and Justin Walsh of Ernst & Young.
Administrative Oversight
The assignment forms part of the ongoing restructuring efforts, as the administrators manage several entities under the Regional Express Holdings umbrella. This includes REX Airlines Pty Ltd, which is also under administration. The completion of this assignment marks a significant step in the management and recovery process for the group.
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