Rex clear to take out Cobham

THE Foreign Investment Review Board has approved Rex Airlines proposed $48 million acquisition of National Jet Express, the regional services arm of Cobham, with the deal expected to be complete by the end of September.

Rex clear to take out Cobham Rex clear to take out Cobham Rex clear to take out Cobham Rex clear to take out Cobham Rex clear to take out Cobham

Rex in the cockpit

However, the deal may be upstaged with recent media speculation that Virgin Australia is considering its own takeover of Rex.