Australian Broadcasting Corporation29d
The federal government becomes Rex Airlines' largest secured creditor, sparking talk of nationalisation
The federal government acquired $50 million worth of debt from Rex Airline's top secured creditor this week, giving the government control over the company's voluntary administration process.
The Australian Financial Review1mon
Labor pays private equity giant $50m to keep Rex from the scrapheap
The government will pay PAG Asia Capital $50 million to become the main creditor in Rex. Kate Geraghty The Australian Financial Review first revealed that the government was set to replace the ...
Australian Broadcasting Corporation1mon
Lifeline for Rex Airlines as federal government takes on $50m debt
The federal government has stepped in to rescue Rex Airlines, acquiring $50 million in debt to prevent the company's collapse. The move safeguards vital regional air services. The federal ...