The federal government has announced it will provide financing to the company that is set to acquire Rex Airlines.
The government will restructure Rex’s existing debt, with approximately $90 million
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Government enters into financing agreement to ensure Rex maintains services
The federal government has this week confirmed the purchase of airline Regional Express (Rex) by a US aviation company and announced a financing agreement to ensure Rex runs are maintained.
On October
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Reports suggest Australian airline is set to be saved
Australian airline Regional Express, or Rex, is set to be saved as a global company is reportedly ready to take over the business.
The Australian Financial Review has reported that US aviation
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Rex future explicitly outlined in Federal Budget
The 2025-26 Budget has landed with an explicit commitment from the federal government to acquire Rex should efforts to privately sell the embattled airline fail to manifest.
The Budget papers state “in
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Toll Group positioning to purchase Rex subsidiary
Collapsed Australian regional airline Rex looks set to be split up amid the sale of the company, with logistics giant Toll Holdings looking likely to purchase the company’s air ambulance arm, Pel-Air.
Pel-Air
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Experienced operator Jones takes helm at AWH
New CEO puts Brumbies dramas behind him in return to agribusiness sector
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Niche airline invests in fleet
Australia’s largest independent regional airline has purchased seven Saab aircraft
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