Rex bidder plans to return airline to ASX, relocate it to Canberra

Rex bidder plans to return airline to ASX, relocate it to Canberra

But the proposal from Renaissance Infrastructure has been met with a lukewarm reception from administrators and the government, who believe it is too complex.

REX: Renaissance Infrastructure bids for collapsed Regional Express airline

Regional Express, better known as REX slid into voluntary administration nearly a year ago. This was the result of board member conflict and a failed competition with the big boys on capital city routes. The process of voluntary administration is set to end on 30 June. Renaissance Infrastructure, a USA.-based engineering and consulting firm, has submitted a formal bid. It’s a complex approach to the acquisition of Regional Express Holdings (REX)…