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Regional Express Holdings Limited

ASX Announcements

Update on non-core asset disposals

Asset Disposal

Market Sensitive

Commencement of Sale Process

Company Administration - Other

Market Sensitive

PAG Debt Assignment to Commonwealth (Completion)

Progress Report, Company Administration - Other

Market Sensitive

PAG Debt Assignment to Commonwealth

Company Administration - Other

Market Sensitive

Long Term Suspended Entities

Other

View all REX announcements

February

The company that manages slots at the world’s busiest airport Heathrow has won a tender at Sydney Airport.

Heathrow slot manager beats Qantas and Virgin for Sydney control

UK-based Airport Coordination Limited will manage landing rights at Sydney Airport after wresting control from Australia’s major airlines.

Labor said on Tuesday it would consider taking ownership of Rex if a buyer did not emerge ahead of the June 30 deadline set by administrators.

TWU Airlines is not needed to keep flying to the regions

Not only is the nationalisation of Rex not required to maintain air services to regions, it is wrong in principle based on basic competition policy grounds.

Labor says it will buy the failed airline Rex if no private bidder emerges.

Don’t waste cash on Rex bailout, regional carriers warn Labor

Rival regional carriers say they can service key routes if Rex collapses, as the Coalition slammed Labor’s bailout plan as a concession to unions.

The government will double down on its bailout of REX.

Albo’s JetKeeper will save Rex and bush votes – but at a price

By doubling down on plans to save Regional Express and its vital rural air routes, Labor rescuing a company that was indisputably the author of its own demise.

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PAG has put new capital into Regional Express.

Labor flags taking control of Rex

Labor says it will buy Rex if no one else does, raising questions around how much capital will need to be sunk into the airline.

January

Police investigate anti-semetic graffiti overnight at the Newtown Synagogue, in Newtown, Saturday 11th of January 2025. Photo: Dion Georgopoulos / The Sydney Morning Herald

Woolworths NZ supermarkets boss to exit

Woolworths’ new CEO has made her first major change; NSW Police arrest 10 people for antisemitic behaviour; wildfire breaks out in LA. How the day unfolded.

Labor pays private equity giant $50m to keep Rex from the scrapheap

Labor has confirmed it will spend $50 million buying out private equity giant PAG Asia Capital, giving the administrators more time to find a willing buyer.

A Qantas airplane lands at Sydney Airport on Tuesday. The airline outperformed Virgin in 2024.

Qantas pips Virgin on on-time flights in otherwise lacklustre year

The two biggest airlines had fewer delays last year compared to 2023 but remain well below long-term averages. Few expect a major change in the next 12 months.

An Alaska Airlines Boeing 737 Max 9 at Los Angeles International Airport last year.

Boeing’s bumpy year cascades into real pain for Qantas, Virgin

From safety issues to a supplier crunch, the big aircraft manufacturers are having trouble producing enough planes. That means more delays and fuller flights.

December 2024

Lim Kim Hai, executive chairman of regional airline REX is in ASIC’s sights.

ASIC case against Rex throws up questions about $80m bailout

The corporate governance failings alleged by the regulator raise questions about what strings the government attached to its lifeline for the airline.

Lim Kim Hai was executive chairman until earlier this year. He was deposed shortly before the airline collapsed into administration.

Taxpayers set to replace buyout giant as Rex’s biggest creditor

The move would give the government more control over the collapsed regional airline’s future. It comes as ASIC sued four directors alleging they misled investors.

November 2024

Rex’s core business is in the bush, where many voters would expect the government to ensure the continuation of what they consider an essential transport service.

Bailout keeps Rex flying until after election

The $80 million, handed out with little detail, has to go towards making Rex a sustainable player again. The government needs to make a better case for how that will happen.

Regional Express ran an air ambulance business along with its passenger services and charter operations before it collapsed.

Labor’s $80m Rex handout angers regional rivals and potential buyers

The government hopes the money will keep the collapsed carrier flying to country towns until next year in the hopes administrators can sell the company.

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PwC settles for millions; Rex exit raised fares; Musk’s job cutters

Read everything that’s happened in the news so far today.

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Regional Express gave up to $100,000 in free flights to each of Liberals, Nationals and Labor.

Rex donated thousands of dollars in free flights to political parties

The regional airline, which is now under administration, flew party officials for no cost during the last two election campaigns, disclosures show.

October 2024

Pel-Air is set to be sold to Toll Holdings.

Toll swoops on Rex’s air ambulance business

The logistics giant is on the verge of acquiring the collapsed carrier’s air ambulance business. Any buyer for the rest will need to upgrade an ageing fleet.

September 2024

Lim Kim Hai has snapped up a handful of REX’s property assets and is keen to buy more.

Bankers begin the task of unravelling the Rex empire with asset sales

Almost two months after Regional Express called in administrators, the regional airline’s assets is being broken up and sold off.

Rex’s grounding is more bad news for travellers.

Domestic airfares jump after collapse of Rex

The demise of the regional carrier is more bad news for travellers as domestic raise fares and Qantas lifts its fees for changing bookings.

The rise in insolvencies is largely the economy getting back to normal after what was a very abnormal situation during the pandemic.

The ‘insolvency armageddon’ is all hype

Concern about the record number of company failures is not only overblown, but the surge in businesses going bust is probably a good thing.

Original URL: https://www.afr.com/company/rex-1b0