Labor could buy the collapsed airline Regional Express if a new private owner does not emerge by the middle of the year, opening the door to taxpayers having to spend hundreds of millions to replace its 40-year-old planes.
Prime Minister Anthony Albanese said Labor would push for a successful private sale but flagged it would work on “contingency plans with relevant state governments, including for potential Commonwealth acquisition”.
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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
