Regional Express Holdings

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Regional Express Holdings
Public
Traded as ASXREX
Industry Transportation
Founded 2002
Headquarters Sydney, Australia
Key people
Lim Kim Hai, Chairman
John Sharp, Deputy Chairman
Jim Davis, Managing Director
Products Airlines, air cargo, air charter
Revenue Decrease A$229.7 million (2010)[1]
Increase A$24.63 million (2010)
Number of employees
600+
Website http://www.rex.com.au
Regional Express Holdings' head office in Mascot

Regional Express Holdings is the parent company of a number of airline and associated companies in Australia. It is based in Mascot, New South Wales (a suburb of Sydney) and is a public listed company on the Australian Stock Exchange.

Corporate Structure and History[edit]

Regional Express Holdings arose from the 2001 collapse of Ansett Airlines, which was the parent company of Kendell Airlines and Hazelton Airlines. A group of Singaporean investors and a collection of Australian private investors purchased the Hazelton and Kendell businesses, which were profitable entities before they were taken over by Ansett. The investors formed Australiawide Airlines, which was officially incorporated on 12 February 2002. The assets of the two airlines were purchased by Australiawide and merged to form the airline Regional Express, known as Rex. In 2005 Australiawide offered a percentage of the owners' shares (35 million out of 115 million shares, or 30.43%) to the public in a float.[2][3] At the same time an agreement was reached with the owners of Pel-Air that Australiawide would purchase Pel-Air.[4]

As part of the public float process, Australiawide Airlines' name was changed to Regional Express Holdings. Regional Express Holdings is the owner of a number of other companies.[5] The main asset is Regional Express Pty. Ltd., which owns another airline - Dubbo-based Air Link. Another company is Rex Freight and Charter Pty. Ltd., which is the company that owns Pel-Air. The third subsidiary company is Rex Investment Holdings Pty. Ltd., which as of September 2007 is dormant.

References[edit]

  • Thorn, Jim. "Interview - Michael Jones, CEO Regional Express". Australian Aviation magazine, No. 187, September 2002, pp. 30–34. Aerospace Publications Pty. Ltd. ISSN 0813-0876

Footnotes[edit]

  1. ^ Creedy, Steve (26 August 2010). "Rex books record profit, but bumpy ride ahead". The Australian. Retrieved 26 August 2010. 
  2. ^ Rex Initial Public Offering Media Release retrieved 26 September 2007.
  3. ^ Rex Share Offer Media Release retrieved 26 September 2007.
  4. ^ Rex Invests in Pel-Air Media Release retrieved 26 September 2007.
  5. ^ Regional Express Holdings Corporate structure retrieved 26 September 2007.

External links[edit]