AeroTime1d
Australia increases financial support of REX Airlines with AU$50M debt purchase
The Australian government has increased financial support of REX Airlines by purchasing part of its debt, aiming to keep the ...
Australia to spend another $31 million to save regional airline Rex
The Australian government said on Thursday it would buy A$50 million dollars ($31.36 million) of debt from the largest ...
Travel Weekly1d
Skroo: It’s ‘disappointing’ the government had to intervene on REX
Flight Centre Travel Group founder Graham 'Skroo' Turner expresses disappointment that a commercial solution has not yet been ...
Government takes on $50m debt from Rex to keep airline flying
The federal government continues to throw regional carrier Rex Airlines a lifeline, after taking on its $50 million debt from ...
Melbourne-Sydney flights jump in price after competition collapse
Before Rex’s collapse in July, a return Melbourne-Sydney flight cost an average $385. The average booking price is now $550, ...
Qantas pips Virgin on on-time flights in otherwise lacklustre year
The two biggest airlines had fewer delays last year compared to 2023 but remain well below long-term averages. Few expect a ...
Newsday12d
A young gorilla rescued from aircraft hold recovers at Istanbul zoo
The 5-month-old gorilla was discovered in a box on a Turkish Airlines flight from Nigeria to Thailand last month. After a public competition, he has been named Zeytin, or Olive, and is recuperating at ...
The Downfall Of Rex Airlines
Regional Express Holdings Limited, the company behind Rex, was founded in 2001 following the collapse of Ansett Airlines. The ...
The Australian15d
ASIC alleges Rex deceived investors for months about ‘bewilderingly bad’ ticket sales
Rex’s board knew ticket sales were ‘bewilderingly ... former chairman allegedly attempted to mislead investors about the airline’s true financial position. ASIC has accused Lim Kim Hai ...
Sydney Morning Herald17d
Rex’s desperate hunt for $10 million before airline’s collapse
A high load factor, a key measure of profitability, indicates an airline has full planes with most seats occupied by passengers. Days later, Lim, Sharp, Khotkar and Pan received Rex’s “Weekly ...