Virgin Australia (VA, Brisbane International) is not interested in acquiring Rex – Regional Express (ZL, Wagga Wagga) due to the steep costs of the necessary renewal of the regional carrier’s fleet, chief financial officer Race Strauss said at a CAPA event in Cairns.

“They’ve got a significant capital cliff that whoever takes that business needs to address. Now, looking at the numbers of that, that’s going to give an airline like us that applies a very disciplined framework an economic issue that’s not going to hit the hurdles,” Strauss…

Source: ch aviation
Read more: Virgin Australia rejects Rex acquisition over fleet costs