Regional Express Holdings Ltd. announced that Mr. Neville Howell, who has been with the Company for 34 years (12 of them at Hazelton Airlines, a predecessor to Rex) and its Chief Operating Officer for the last ten years, has been appointed Chief Executive Officer (CEO). Neville Howell bring a great depth of experience to the roles to which he has been appointed. All other members of the Rex Board and management team remain in their current roles and will continue to provide valuable support to Mr. Howell and the Rex business.

PAG retains a presence on the Rex Board and continues to support Rex. These changes will not affect Rex's operations or services.