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Rex gets a government lifeline to continue essential services
The Australian government will provide a $80 million lifeline to struggling regional carrier Rex as the airline looks to extend its voluntary administration.
The funds will prop up flight operations for essential services to remote communities and provide pay for former employees laid off.
More than 600 workers were made redundant.
The government is currently guaranteeing ticket sales to allow it to run essential flight routes.
The airline has estimated debts of about $500million.
Administrators want to extend the voluntary administration period until at least mid-2025.
“My department continues to meet regularly with the administrators as they work to implement a strategy for the regional aviation business,” Transport Minister Catherine King said.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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