Regional Express Airlines asked EY to conduct a strategic review of its operations months before it slipped into voluntary administration, documents filed with the corporate regulator show.
Rex shares were suspended from trading on Monday and its board met on Tuesday night to appoint EY as voluntary administrators. The airline has stopped flying between capital cities and agreed to focus on its regional operations, where it is often the only air transport link.
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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
