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 ...
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 ...
AeroTime21h
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 ...
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 ...
Labor buys $50m of debt from Rex creditor PAG as government looks to guarantee aviation services for regional, remote areas
Labor has acquired $50 million of debt from Regional Express’ largest creditor PAG in a bid to secure ongoing flights for ...
Sydney Morning Herald16d
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 ...