Regional Express Holdings Limited ( (AU:REX) ) has issued an update.
Regional Express Holdings Limited has announced the completion of the sale of certain non-core assets, including a B737 flight simulator and a Textron King Air 350C aircraft, for a total of approximately A$6.1 million and US$7.3 million, respectively. The proceeds from these sales will be used to repay the company’s debt, reflecting a strategic move to streamline operations and improve financial stability amid ongoing administration processes.
More about Regional Express Holdings Limited
Regional Express Holdings Limited operates in the aviation industry, primarily focusing on regional airline services. The company is known for providing passenger and freight transportation across various regional routes.
YTD Price Performance: 0.65%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €37.17M
See more data about REX stock on TipRanks’ Stock Analysis page.