NewsBite

Regional Express Holdings Limited

ASX Announcements

Market Sensitive

Successful Completion of Sale of Pel-Air Business

Asset Disposal

  • Dec 23, 2024
  • 1 page

Notice of ASIC Proceedings Against Rex

Legal Proceedings

  • Dec 11, 2024
  • 1 page

Market Sensitive

Completion on the sale of shares in National Jet Express

Progress Report

  • Dec 2, 2024
  • 1 page

Market Sensitive

Australian Government Assistance & General Update

Progress Report, Company Administration - Other

  • Nov 13, 2024
  • 1 page

Market Sensitive

Divestment of Pel-Air Ambulance Business

Asset Disposal

  • Oct 24, 2024
  • 1 page

View all REX announcements

This Month

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.

  • Ayesha de Kretser

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.

  • James Thomson
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.

  • Updated
  • Ayesha de Kretser

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.

  • The AFR View
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.

  • Updated
  • Ayesha de Kretser
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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.

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.

  • Ronald Mizen

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.

  • Ayesha de Kretser and Sarah Thompson

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.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
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.

  • Ayesha de Kretser
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.

  • Michael Read
Planes parked at Kingman Airport in Arizona, a former military base which is now used as a plane graveyard.

Rex accused of stealing planes from Arizona aircraft graveyard

The lawsuit, filed by American leasing company Jet Midwest, adds a twist to the regional carrier’s tortured demise. Rex entered administration in July.

  • Max Mason and Ayesha de Kretser
The introduction of Jetstar onto routes already flown by Qantas pushes airfares in the full-service carrier higher, Treasury has found.

Coalition wants powers to force Qantas to divest Jetstar

Though the Opposition is not calling for the low-budget airline to be sold, it thinks the threat will push the country’s largest carrier to lower prices.

  • Ayesha de Kretser

August 2024

Jetstar adding capacity has squeezed Virgin, analysis shows.

Virgin cedes market share to Jetstar as budget travel crunched

Qantas is adding seats and winning share from Virgin, as the domestic aviation market softens and Jetstar’s new planes drive down fares.

  • Ayesha de Kretser
Regional Express (Rex) grounded all flights between capital cities after entering voluntary administration on July 31.

Bidders fly into Rex auction; final offers due mid-September

Street Talk understands a fleet of parties have lobbed indicative offers including Allegro, Singaporean businessman Kim Hai Lim and specialist airline Skytraders.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
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Rex planes at Sydney. The airline continues to fly to regional destinations despite falling into administration.

AFP on the scene at Rex as boardroom recriminations deepen

The inquiries come weeks after the regional carrier collapsed, and as administrators at EY work to find a buyer for its fleet and network of services.

  • Ayesha de Kretser
A Regional Express REX plane at Sydney’s domestic airport.

Labor backs away from Rex bailout, guarantees regional flights

Transport Minister Catherine King says Regional Express customers will not lose money, offering a guarantee that will help the airline keep ticket sales revenue coming in the door.

  • Tom McIlroy and Ayesha de Kretser
Nexus Airlines says it could fly on Rex’s WA routes as regional carriers warn on government bailout.

Rex’s regional rivals eye an opportunity to expand into key routes

But others in the industry are urging the federal government to step in and provide funding to ensure towns aren’t left without services and staff are paid.

  • Ayesha de Kretser
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Chalmers disputes RBA; Rex sale looms; Why Harris chose Walz

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

A Rex plane in Melbourne. The company has scrapped serviced between Sydney and other capital cities.

Dealmakers send out the sales pitch for the rebirth of stricken Rex

But Regional Express’ prospective buyers don’t have much time. Confidential documents put an August 30 deadline on binding buyout offers for the carrier.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

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