Regional Express (ASX:REX) has announced it has been named by the Western Australian Government as the preferred tenderer for the regulated Perth to Carnarvon/Monkey Mia route.
Subject to final negotiations in early 2018, Rex will enter into a deed of agreement with the Department of Transport for a 5 year licence period, commencing 2 July 2018.
The independent regional airline entered the WA market in February 2016, operating the regulated Perth to Albany and Perth to Esperance routes.
Rex has indicated they will release further information when the deal is finalised.
Shares in Regional Express (ASX:REX) closed 0.34 per cent higher yesterday at $1.46.