Regional Express Airlines of Australia said it has "fast tracked" merger discussions with Sunshine Express Airlines. Under the proposed transaction, all Sunshine shares will be transferred to Rex "for a nominal consideration." Rex MD Geoff Breust said the deal is in line with its "mission of connecting regional Australia" but cautioned that Sunshine is in a tenuous position and likely won't survive absent the proposed merger. "If there is strong consensus and resolve [among all stakeholders ...

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