Rex Airlines stock buoyed by Etihad deal
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More news: Shares in Rex Airlines lifted after the regional operator announced a new interline partnership with Etihad Airways.
Rex shares were 1.9% higher at $0.81 by 12:45pm AEDT.
Rex Airlines partners with Etihad Airways
The news: Regional operator Rex Airlines has agreed to a new interline partnership with UAE's national carrier Etihad Airways.
The numbers: The Sydney-based airline said that the partnership will connect passengers on its domestic routes with convenient connections to Etihad's global network, including 72 destinations across Europe, Africa, the Middle East, Asia and the USA.
Rex is Australia's largest regional airline outside the Qantas group's companies, operating a fleet of 66 aircrafts to 56 destinations across all of Australia's states.
The context: The Etihad deal marks the second interline agreement for Rex, which has an existing interline arrangement with US-based Delta Air Lines.
What they said: Rex's general manager of network strategy Warrick Lodge said: "Partnering with a world-class airline like Etihad brings a new era of choice and connection for Rex passengers".
"The entire journey, including Etihad and Rex connecting flights, can be booked under one booking [through Etihad] and passengers can enjoy the convenience of through-check baggage (where permitted)," he said.
Etihad's chief revenue and commercial officer Arik De, said: "This exciting new partnership significantly expands connectivity options for Etihad guests, providing them with effortless access from our gateways in Sydney and Melbourne to pivotal destinations within the Rex network, including Adelaide, Hobart, Canberra, Brisbane, and the Gold Coast."
The source: ASX announcement
