Federal government confirms it will buy $50m of Rex debt
The move will see the Commonwealth buy out the remainder of the money owed to PAG, the Asian firm whose investment allowed ...
Rex offered $50million lifeline from the government
A $50 million debt lifeline for Rex will pave the way for a second crack at selling the embattled regional airline.
Lifeline for Rex Airlines as federal government takes on $50m debt
The federal government says it is stepping in to rescue Rex Airlines so airline services continue for regional communities.
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Canberra acquires Rex’s debt; reiterates ‘ongoing commitment’ to regional operations
The Australian government has become the principal secured creditor of embattled operator Regional Express (Rex), after ...
Government takes on Rex Airlines' $50m debt to keep collapsed carrier operating
The federal government continues to throw regional carrier Rex Airlines a lifeline, after taking on its $50 million debt from ...
Melbourne-Sydney flights jump in price after competition collapse
Before Rex’s collapse in July, a return Melbourne-Sydney flight cost an average $385. The average booking price is now $550, ...
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