Regional Express’ vast network is on the verge of being broken up with Japan Post-owned logistics giant Toll closing in on a deal to buy the collapsed carrier’s air ambulance business Pel-Air.
People close to the sale discussions, speaking on condition of anonymity because they were not authorised to comment publicly, said Toll had agreed to terms and was expected to sign in the coming days. Toll is being advised by Deloitte Corporate Finance and law firm Ashurst.
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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
