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SYDNEY (Reuters) - As Virgin Australia shrinks to survive the pandemic, tiny Regional Express Holdings Ltd (Rex) is picking up some of its larger rival’s planes and staff on the cheap - and attracting investors who see profit in the high-stakes plan. FILE PHOTO: A Regional Express airlines SAAB 340 plane is sprayed with water as its sets off for its first flight from Canberra during a ceremony August 6, 2002. REUTERS/The Canberra Times/Graham Tidy MDB/JD/File Photo. A Boeing Co 737 leasing deal announced on Wednesday is the latest step in Rex’s gamble to take on Qantas Airways Ltd and Virgin starting with Sydney-Melbourne, the world’s fifth-busiest domestic route before the pandemic. The m... Full story

1 October