ASIC starts legal action against troubled airline Rex and four directors

Australia's Regional Express Holdings, backed by Asian investment firm PAG, collapsed into administration earlier this year.

The Australian Securities and Investments Commission (ASIC) has commenced legal proceedings in the Supreme Court of New South Wales seeking leave to allege that Australian airline Regional Express Holdings (known as Rex) engaged in misleading and deceptive conduct and contraventions of continuous disclosure obligations.

¬ Haymarket Media Limited. All rights reserved.

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