HK-based PAG nears deal to invest $107m in Australian airline Rex

HK-based PAG nears deal to invest $107m in Australian airline Rex

Hong Kong-based alternative investment management firm PAG has entered into an agreement to invest up to A$150 million ($107 million) in Australian airline Regional Express Holding Ltd (Rex) to support the launch of the firm’s jet services between major cities, said Rex on Tuesday.

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