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Regional Express Holdings

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Rex will be bought by US company Air T.

Canberra lays out terms for support of Rex Airlines rescue

The federal government will issue a new commercial loan of $60 million to the regional airline.

  • Chris Zappone

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Rex will be

‘No one’s going to get money back’: Taxpayers exposed to $130m hit in Rex sale

Industry experts fear taxpayers will probably lose the $130 million in funding injections that the federal government made to the failed regional airline.

  • Brittany Busch and Mike Foley
Rex Airlines planes.

‘High confidence’: Rex Airlines rescued by US outfit Air T

Administrators E&Y have warned that the debt-laden airline’s 4800 creditors, who are owed a combined $500 million, will probably receive nothing.

  • Chris Zappone
Labor says it will consider taking ownership of Rex if a buyer is not found.

Rex Airlines to secure US buyer

Air T, a Nasdaq-listed US aviation company, has reportedly agreed to buy Rex, according to sources with direct knowledge of the deal.

  • Chris Zappone
The corporate regulator warned Treasurer Jim Chalmers in secret briefings it had become increasingly concerned about the corporate governance of beleaguered airline Rex.

ASIC had raised ‘increasing concerns’ about Rex with the government

Hours after Rex went into administration, the watchdog told Treasurer Jim Chalmers it was probing the airline for deceiving investors about its profitability.

  • Sumeyya Ilanbey
While the airline’s woes are largely of its own making, regional Australia’s reliance on Rex makes it a politically sensitive issue coming into this year’s election.

Albanese government says it will acquire collapsed Rex Airlines if no other buyers emerge

The move would make it the first Australian government to own an airline since Qantas was privatised in the 1990s.

  • Natassia Chrysanthos and Mike Foley
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Former Rex chairman Lim Kim Hai in 2022.

Rex’s desperate hunt for $10 million before airline’s collapse

New documents show former executive chairman Lim Kim Hai described the airline’s sales as “bewilderingly bad” less than two months after Rex said it expected to make a profit.

  • Sumeyya Ilanbey
PAG has put new capital into Regional Express.

Can things get any worse for Australia’s third-biggest airline?

The federal government handed it an $80 million lifeline last month, but it should have imposed stricter conditions on Rex before handing over the money.

  • Elizabeth Knight
John Sharp

ASIC briefed government about Rex investigation before $80m lifeline

The corporate regulator warned Treasurer Jim Chalmers it was investigating Regional Express for misleading conduct before the Commonwealth bailed out the collapsed airline.

  • Sumeyya Ilanbey
Prime Minister and former transport minister Anthony Albanese has been criticised for being too close to Australia’s biggest airline, Qantas.

Qantas’ lions share of taxpayer-funded flights under the microscope

The government’s aviation white paper will review why more than 80 per cent of government bookings are made with one airline.

  • Amelia McGuire

Original URL: https://www.theage.com.au/topic/rex-1b0