ASIC had raised ‘increasing concerns’ about Rex with the government
Hours after Rex went into administration, the watchdog told Treasurer Jim Chalmers it was probing the airline for deceiving ...
Travel Weekly9d
Federal government to purchase REX Airlines if no buyers arise, Albanese says
The federal government will acquire Rex Airlines if no buyer is found, ensuring regional aviation services continue beyond ...
Hosted on MSN2mon
ASIC to sue Rex Airlines alleging company misled the market about its profitability
The corporate regulator ASIC is suing Rex Airlines, alleging the company and ... ASIC alleges Rex, along with John Sharp, Lim Kim Hai, Lincoln Pan and Sid Khotkar, failed to meet its disclosure ...
Townsville Bulletin1mon
ASIC alleges Rex deceived investors for months about ‘bewilderingly bad’ ticket sales
Rex’s board knew ticket sales ... attempted to mislead investors about the airline’s true financial position. ASIC has accused Lim Kim Hai and Rex directors John Sharp, Lincoln Pan and ...
Albanese government leaves door open for potential Commonwealth acquisition of beleaguered Rex Airlines
The Albanese government has left the door open for taxpayers to acquire failed regional airline Rex after the carrier was ...
Sky News Australia1mon
Government to buy REX Airlines debt for $50 million
“The history of Rex goes back to the collapse of another airline, Ansett in March 2002 ... Express under the ownership of Singaporean Lim Kim Hai.” ...
The Australian1mon
Albanese government to spend $50m acquiring Rex debt to keep regional airline flying
Government support for Rex has angered other regional airlines which have offered to ... Former Rex executive chairman Lim Kim Hai. Picture: Justin Brierty At the same time, the Australian ...