Regional Express will need a deep-pocketed buyer willing to invest to regenerate the airline’s ageing fleet, casting doubt over government assurances that regional centres will remain connected without a significant injection of taxpayer money.
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