After hours: January 24 at 5:29:10 PM EST Loading Chart for REX ...

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The federal government acquired $50 million worth of debt from Rex Airline's top secured creditor this week, giving the government control over the company's voluntary administration process.

The federal government has stepped in to rescue Rex Airlines, acquiring $50 million in debt to prevent the company's collapse. The move safeguards vital regional air services. The federal ...

A Rex 737-800, VH-RQC, at Sydney Airport in October 2023. (Image: Jake Nelson) Transport Minister Catherine King has suggested the federal government was forced to buy $50 million of Rex debt to ...