AeroTime5d
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 ...
Australian Broadcasting Corporation6d
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 ...
Yahoo News Australia6d
Surprise move on Rex Airline’s $50m debt
The federal government will take on $50m of debt from embattled regional flyer Rex Airlines after the company was placed into voluntary administration. In doing so, the government will become the ...
Sky News Australia5d
Government to buy REX Airlines debt for $50 million
Sky News Business Editor Ross Greenwood has discussed the Albanese government’s $50 million bailout of Regional Express Airlines. “The history of Rex goes back to the collapse of another ...
Daily Mail6d
Embattled Aussie airline Rex offered $50million lifeline from the government
A $50 million debt lifeline for Rex will enable a fresh attempt at selling the embattled regional airline and enable it to continue operating. The federal government will take on $50 million of ...
Couriermail6d
Federal government to acquire $50m of debt from Rex, becomes Rex’s largest creditor
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 ...
Sky News Australia5d
Albanese government takes on $50 million of debt from Rex Airlines
The government will also support the airline's administrators in its next steps. The Albanese government will take on $50 million of debt owed by Rex to keep the embattled airline operating.