Canberra has issued a new commitment of support for regional airline Rex, and has revealed that government acquisition of the Australian carrier is a contingency option if buyers cannot be found. The ...
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Surprise move on Rex Airline’s $50m debt
In doing so, the government will become the airline’s principal secured creditor, acquiring the debt from Rex’s largest creditor, AGAC Regulus Holdings Limited. In a joint statement, Finance Minister ...
Creditors of bankrupt Australian regional carrier Rex have voted to accept a takeover proposed by U.S. company Air T. Transition of operational control and legal ownership of Rex to Air T is expected ...
SYDNEY (Reuters) - The Australian government said on Wednesday it was open to acquiring collapsed airline Regional Express Holdings to ensure its regional services continue, in what would be the first ...
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