REX completes purchase of 25 aircraft at lease expiry

Regional Express (Rex) has purchased 18 latest generation Saab 340Bplus aircraft which came off lease on March 25th, 2014. These aircraft were part of the 25 aircraft it had on lease and the other seven were purchased earlier at their lease expiry on July 1st, 2013. The acquisition was partly funded by Rex’s operating cash flows with the rest from bank financing. The purchase means that Rex now owns its entire fleet of Saab 340 aircraft which is 51 strong.