The federal funding means Rex, which went into voluntary administration in July, will be able to maintain regional routes.
Embattled regional airline Rex has been thrown an operations lifeline after the federal government earmarked up to $80 million to keep its regional routes running. Rex went into voluntary administration in July after its fleet of Boeing 737s operating between major metropolitan centres was grounded. Its management was handed to administrators EY Australia, while Rex's regional services continued as a buyer or financial lifeline was sought for the airline.
The money will support the continuation of critical services for regional communities, they said in a joint statement. Rex's administrators plan to apply to the Federal Court to extend the voluntary administration to 30 June 2025. If the application is granted the government will continue to guarantee ticket sales made throughout the administration period to that date.
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.
Lifeline for regional airline Rex as federal government pledges $80 million to keep operations going7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
Federal government pledges $80 million to keep Rex regional flights openThe government also flagged the collapsed airline&x27;s administration period would grow.
Read more »
Four people charged over $80 million drug busts at Australian airportsAuthorities seized more than 100kg of cocaine and meth at Sydney and Melbourne airports within just 24 hours.
Read more »
Labor to prop up embattled Rex Airlines with $80m lifelineThe Albanese government has offered to prop up Rex Airlines with $80 million in funding following calls for an intervention after the embattled carrier entered voluntary administration in July.
Read more »
Midday News Bulletin 12 November 2024Rex Airlines given a $80-million government hand out to keep regional routes in the air; The World Meteorlogical Organization warns of catastrophe as 2024 becomes the hottest year on record; And in sports, English Premier League referee David Coote suspended following a leaked video.
Read more »
Airport slot hoarding on radar of laws-change probeQantas officials will be grilled on allegations the carrier has been misusing slots; Regional Express (Rex) has been offered an $80 million lifeline by the federal government. Follow live updates.
Read more »