May 13, 2020 / 2:00 AM / 16 days ago

REFILE-Australian regional airline REX considers operating to major cities

(Corrects paragraph 1 spelling of “is”)

SYDNEY, May 13 (Reuters) - Australian airline Regional Express Holdings Ltd (REX) is exploring the feasibility of operating between major cities and is in talks with potential partners for an equity investment estimated at A$200 million ($129 million), it said on Wednesday.

The regional turboprop carrier’s interest in big-city operations comes after the second-biggest airline, Virgin Australia Holdings Ltd, last month entered voluntary administration and is up for sale.

The REX board expects to make a decision in the next eight weeks on whether to proceed, the airline said in a statement, adding that operations would start on March 1, 2021 if it decides to go ahead.

REX has a market value of A$100 million. ($1=A$1.5475) (Reporting by Jamie Freed; Editing by Clarence Fernandez)

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