Regional Express Holdings (Rex) announced on July 30 that it had purchased 5 Saab 340B aircraft.

These aircraft were previously operating in Rex's fleet on a lease arrangement and have just come off lease.

Rex currently owns 22 Saab 340 aircraft all fully paid up and has on lease 11 Saab 340 aircraft.

The AU$11.5 million dollar acquisition was funded from Rex's operating cash flows.