Rex – Sunshine deal falls through
The proposed acquisition of Queensland’s Sunshine Express regional airline by Regional Express (Rex) will not go ahead.
Rex Managing Director Geoff Breust said Sunshine Express had introduced new conditions last week which were not acceptable to Rex.
When the merger plan was made public less than two weeks ago Sunshine Express said it needed significant investment in aircraft and resources to better serve its market and remain viable in the long term.
However, Rex said the latest conditions put forward by Sunshine Express were not in the interests of its shareholders.
“We are sorry that this (intended acquisition) will now not materialise,” Mr Breust said.
“We extend our best wishes to Sunshine Express and hope that its management and owners are able to overcome its current difficulties.
“We have been assured that its current owners Aeromil will continue to provide full backing to the airline.
Graham Muldoon
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.
































Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025