The news caps a remarkable turnaround that saw Rex obtain some of Virgin’s leased aircraft when it entered administration in 2020, before the larger carrier took them back when the same fate befell the regional carrier last year.
The American firm, which purchased Rex out of administration late last year, pledged to return an additional 14 of Rex’s Saab 340B aircraft to the skies; however, despite drawing on $26.7 million of a $60 million loan from the Federal Government, it ha…
The news caps a remarkable turnaround that saw Rex obtain some of Virgin’s leased aircraft when it entered administration in 2020, before the larger carrier took them back when the same fate befell the regional carrier last year.