The airline plans to take on Qantas and Virgin on popular capital city routes. 9News
from March 1, 2021, pending funding and regulatory approval, the airline said in a statement.
It will raise at least $30m through one or more of a sale-and-leaseback arrangement, equity injection and convertible notes, Rex said.It added that lessors were willing to provide funding covering 15 of its fleet of unencumbered Saab 340 turboprops. "Rex's domestic operations will be priced at affordable levels but will also include baggage allowance, meals on board and pre-assigned seating," Rex Deputy Chairman John Sharp said.
"Lounge membership will be available for subscription. It is the hybrid model that Rex has so successfully pioneered over the last two decades for its regional operations."
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