The Albanese government will not bid for Regional Express but moved to shore up confidence in the struggling regional airline’s services by saying it would guarantee flight bookings during the administration process.
Rex collapsed into voluntary administration last month after management infighting and concerns among major lenders that its strategy to increasingly compete against Qantas and Virgin Australia on capital city services was faltering.
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Tom McIlroy is the Financial Review’s Canberra bureau chief based in the press gallery at Parliament House. He was previously the AFR’s political correspondent. Connect with Tom on Twitter. Email Tom at thomas.mcilroy@afr.com
Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
