Government extended a lifeline to failing airline Regional airline, Rex, was about $500million in debt The government has intervened to save regional airline Rex after it plunged into voluntary ...

Regional airline Rex is set to plunge into administration, with Bloomberg reporting that Ernst & Young (EY) will be appointed administrators. The popular carrier's shares went into a trading halt ...

Taxpayers have forked out around $130m to keep Rex Airlines flying after the company went bust trying to break into major capital city routes last year. Member for Kennedy Bob Katter supports a ...

Japanese company Toll Group paid $47.1m for Pel-Air and former Rex executive chairman Lim Kim Hai paid $12m for the 50 per cent stake in NJE. But no buyer has emerged for the regional airline and ...

The federal government left open an option to own and operate regional aircraft Rex Airlines if no successful private bidder is found. The government has provided $80 million in finance to keep ...

Editor of 42kft.com, Geoffrey Thomas, says with existing debt, there'll be $1 billion bill to replace Rex Airlines' ageing fleet for the new owner of the beleaguered airline. #ABCBusiness ...

Followed categories will be added to My News. Taxpayers have forked out around $130m to keep Rex Airlines flying after the company went bust trying to break into major capital city routes last year.

Rex’s flight simulator centre has been sold as administrators continue their search for a buyer for the regional airline. Administrator EY has gradually been selling parts of the company that ...