THE Australian Competition and Consumer Commission has cleared Rex Airlines’ proposed acquisition of National Jet Express, the regional services arm of Cobham Aviation Services, with the deal now hinging on Foreign Investment Review Board approval.
Rex in the air
Rex signed a sale and purchase agreement in mid-July to acquire the NJE business, which is a major player in the mining fly-in, fly-out market, for $48 million. Rex's fleet of 60 Saab 340 and six Boeing...
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