Regional Express (Rex) stated (29-Jan-2021) shareholders voted to approve the airline’s investment deal with PAG to fund its domestic jet operations, commencing on 01-Mar-2021. PAG Regulus Holdings Pte Ltd will fund up to AUD150 million (USD114.4 million) to be used exclusively to support the launch and operation of Rex’s domestic services. A first tranche of AUD50 million (USD38.1 million) will be disbursed within 14 days. The funding comprises first ranking senior secured convertible notes.
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