There are plenty of big question marks over Regional Express, the embattled carrier better known as Rex. EY’s Adam Nikitins is poised to be appointed the administrator.
But one of the biggest unknowns is what PAG Asia Capital will do. The private equity fund is a major lender to the regional airline, handing over some $150 million to allow Rex to expand into capital city routes and compete against Qantas, Jetstar and Virgin Australia.
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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
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
