Regional Express Holdings (ASX:REX) - Executive Chairman, Lim Kim Hai
Executive Chairman, Lim Kim Hai
Source: Cairns Post
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  • Regional Express (REX) has locked in six Boeing 737-800 NG aircrafts from two lenders for domestic operations
  • The first aircraft will be delivered on November 1, with the remaining five to be phased out over the following four months
  • According to Deputy Chairman the Honourable John Sharp AM, three of the aircraft will be deployed on the March 1 on the Sydney to Melbourne route
  • In light of this news, Rex is up 8.66 per cent and shares are trading for $1.38 each

Regional Express (REX) has locked in six Boeing 737-800 NG aircraft from two lenders for domestic operations.

The first aircraft will be delivered on November 1 with the remaining five to be phased out over the following four months.

This will coincide with Rex’s domestic jet operations.

“Today I am pleased to announce that we have selected the Boeing 737-800 NG as the aircraft for our domestic jet operations,” Deputy Chairman the Honourable John Sharp AM said.

“Three of these aircraft will be deployed in the first phase of our launch on March 1, 2021 on the Sydney – Melbourne route, with another two aircraft beginning service before Easter,” he said.

“From there, Rex will continue to grow the domestic fleet in line with the return of passenger demand and hopes to see its fleet of 737-800 NGs reach 10 by year end,” he added.

The Boeing 737-800 NG is a narrow-body aircraft that has a larger wing area, a winder wingspan, and greater fuel capacity than those before it.

It was launched in 1993 and is the third generation of the traditional Boeing 737.

In light of this news, Rex is up 8.66 per cent and shares are trading for $1.38 each at 2:33 pm AEST.

REX by the numbers
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