Regional Express, or Rex, raised $150 million in November 2020 to lease old Virgin Australia Boeing 737s, launch flights between Sydney, Melbourne and Brisbane, and capture 37 per cent of the domestic aviation market by 2025.
More than two years in, Rex has 6 per cent of the market.
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Joe Aston helmed The Australian Financial Review's Rear Window column from 2012 to 2023. Connect with Joe on Facebook and Twitter.
