The federal government announces a bailout for Rex Airlines, while an ACCC report has revealed domestic airfares have risen since Rex's collapse.
Rex Airlines enjoyed success as a regional carrier before it took on intercity routes in 2021, but it eventually collapsed in 2024.The ACCC says Australia's aviation industry has become more concentrated since the collapse of Rex Airlines . Rex Airlines has received an $80m federal funding package to ensure its regional routes stay operational.
"The data quoted in the ACCC's report on fare increases for particular routes does not reflect the average fares customers are actually paying," Mr Svensson said. Committee member senator Bridget McKenzie pushed Qantas on whether its slot control at Sydney Airport was hampering competition. Canberra Airport's chief executive, Stephen Byron, told senators the current system stifled competition by preventing new entrants from accessing prime slots and said change was desperately needed.Qantas again defended its practices and said Sydney Airport only used 70 per cent of its maximum available capacity
The funding will allow the regional airline to continue operating while administrators work to strengthen the business. "Rex's regional service is critical to communities and businesses across Australia, particularly for mining, construction, health, government and not-for-profit industries," she said.
Virgin Rex Airlines Airline Competition Airfares
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Airfares skyrocketed 13.3 per cent after Rex folded: ACCC reportThe average airfare on all major city routes in Australia increased by a whopping 13.3 per cent after Rex Airlines ceased key operations, a new report from the ACCC has found.
Read more »
Markets live: ACCC gives green light to major pharma merger, RBA officials face senate estimatesThe ACCC has given the green light to an $8.8 billion merger between Chemist Warehouse and Sigma Healthcare. Reserve Bank of Australia officials face tough questions at senate estimates hearings. Follow live.
Read more »
‘Risk of serious injury’: ACCC issues urgent recall of popular pramAustralian product safety regulators have ordered an urgent recall of three Silver Cross pram models over a fault with the locking mechanism.
Read more »
ACCC suing Optus alleging it engaged in unconscionable conduct when selling phone products to vulnerable customersThe Australian Competition and Consumer Commission is suing Optus alleging it engaged in unconscionable conduct when selling phone products to vulnerable customers.
Read more »
Optus sold vulnerable Australian customers phone plans they couldn’t afford, ACCC allegesRegulator alleges in court case one person living with a disability was sold a phone, a contract, an internet plan and accessories despite not wanting most of it
Read more »
【SBS新闻快报】被指欺瞒弱势群体强行推销 Optus遭起诉2024年11月1日（周五）下午：澳大利亚竞争与消费者委员会（ACCC）向联邦法院提起诉讼，指控电信公司Optus存在“不合情理的行为”。（收听播客，了解详情）。
Read more »