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Rex assisted in acquisition of National Jet Express
Global firm Baker McKenzie has advised Rex Group (Rex) on their acquisition of 100 per cent of National Jet Express (NJE), the regional services arm of Cobham Aviation Services.
Jess Feyder
Firm: Baker McKenzie (Rex)
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Deal: Rex landed deal to acquire 100 per cent of NJE.
Value: N/A
Area: Corporate
Key players: The Baker McKenzie team was led by partners Frank Castiglia and Lawrence Mendes and was supported by senior associates Dan McGuiness, Alanna Rennie and David Wang.
Deal significance: ASX-listed Rex is Australia’s largest independent regional and domestic airline, operating a fleet of 122 aircraft with flights to 58 destinations throughout all states in Australia.
NJE is a leading provider of fly-in fly-out (FIFO) services in Western Australia and South Australia. It also operates freight services from Sydney to Adelaide, Brisbane, Melbourne and the Gold Coast, as well as air charter services in Papua New Guinea.
Mr Castiglia commented: “We were delighted to be able to assist Rex with this strategic acquisition.
“Fly-in fly-out services are expected to experience strong growth in Australia and the acquisition of NJE positions the Rex Group to enhance its position in this booming sector. This continues Rex’s growth momentum after we assisted Rex to secure a strategic investment to establish its domestic operations last year.”
