Type Public Industry Transportation Headquarters Sydney, Australia Founded 2002 | Traded as ASX: REX Revenue A$229.7 million (2010) Number of employees 600 | |
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Key people Lim Kim Hai, Chairman
John Sharp, Deputy Chairman
Jim Davis, Managing Director Products Airlines, air cargo, air charter Stock price REX (ASX) A$ 0.92 0.00 (0.00%)24 Mar, 3:48 PM GMT+11 - Disclaimer Subsidiaries Regional Express Airlines, Pel-Air, Air Link | ||
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
Regional Express Holdings had its 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. At the same time an agreement was reached with the owners of Pel-Air that Australiawide would purchase Pel-Air.
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. 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.