Rex airlines ‘will have a future’: federal government suggests it will step in to save troubled company

Transport minister says Labor ‘in no doubt about the importance of Rex to regional aviation’ amid reports administrators to be appointedFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastThe Albanese government has suggested it will intervene to ensure regional airline Rex does not collapse, after the carrier stopped selling tickets for some services amid reports administrators were to be appointed.The federal transport minister, Catherine King, said her department had held “significant discussions” with Rex’s leadership on Tuesday after the airline on Monday requested a trading halt ahead of a significant announcement to the market. Continue reading…



Source link : https://www.theguardian.com/business/article/2024/jul/30/rex-airlines-federal-government

Author : Elias Visontay Transport and urban affairs reporter

Publish date : 2024-07-30 06:27:41

Copyright for syndicated content belongs to the linked Source.