The Australian government said on Thursday it would buy A$50 million dollars ($31.36 million) of debt from the largest ...

The Australian government has become the principal secured creditor of embattled operator Regional Express (Rex), after ...

The federal government will become the principal creditor of Rex Airlines by acquiring $50m of debt from PAG Asia Capital in ...

Labor has confirmed it will spend $50 million buying out private equity giant PAG Asia Capital, giving administrators more ...

The federal government continues to throw regional carrier Rex Airlines a lifeline, after taking on its $50 million debt from ...

Before Rex’s collapse in July, a return Melbourne-Sydney flight cost an average $385. The average booking price is now $550, ...

In an encouraging sign for travellers, Qantas and Virgin Australia are both rolling out special deals in the form of ...

The two biggest airlines had fewer delays last year compared to 2023 but remain well below long-term averages. Few expect a ...

Virgin Australia was aware of safety risks to younger and inexperienced staff travelling overseas before a 21-year-old ...

The Australian government has increased financial support of REX Airlines by purchasing part of its debt, aiming to keep the ...

Sky News Business Editor Ross Greenwood has discussed the Albanese government’s $50 million bailout of Regional Express ...