The federal government has announced plans to acquire Rex Airlines if the struggling company cannot find a buyer, marking the first instance of a federal airline ownership since Qantas was …
Rex Airlines
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- Politics
Federal Government Assumes Rex Airlines’ $50 Million Debt to Sustain Operations of Struggling Carrier
by adminThe Australian government has stepped in to support regional airline Rex Airlines by acquiring $50 million of its debt from primary creditor PAGAC Regulus Holdings Limited. This intervention seeks to …