The Albanese government will become the embattled regional airline’s largest creditor after acquiring $50m of its debt.
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Image: Ryan/stock.adobe.comThe Federal Government is supporting the continued operation of Rex Airlines regional services, with the announcement it will acquire debt from the company’s largest creditor. The government will acquire $50 […]
The Albanese government will become the embattled regional airline’s largest creditor after acquiring $50m of its debt.
The Federal Government will buy up $50 million worth of embattled airline Rex's debt as it continues supporting the company through its administration...
The Federal Government has thrown Rex Airlines another lifeline after taking on the troubled carrier’s $50 million debt from PAG Asia Capital.
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Regional Capitals Australia chair and Port Hedland mayor Peter Carter has welcomed the Federal Government’s decision to keep Rex Airlines running.
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