Virgin Blue in takeover territory - Rex. Asia Pacific airline share wrap
Regional Express, a smaller regional carrier in Australia, told the Sydney Morning Herald that Virgin Blue is "extremely vulnerable" to a takeover bid, whether "hostile or friendly". Rex has acquired a 1.82% "strategic interest" in Virgin Blue, while Rex's Singaporean investors are also reportedly increasing their interest in Virgin Blue.
Asia Pacific selected airlines daily share price movements (% change): 18-Feb-09