US EditionVirgin Australia Rejects Rex Acquisition over Fleet Costs
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Virgin Australia rejects Rex acquisition over fleet costs
Virgin Australia (VA, Brisbane International) is not interested in acquiring Rex - Regional Express (ZL, Wagga Wagga) due to the steep costs of the necessary renewal of the regional carrier's fleet, chief financial officer Race Strauss said at a CAPA event in Cairns. "They’ve got a significant capital cliff that whoever takes that business needs to address. Now, looking at the numbers of that, that’s going to give an airline like us that applies…
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