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Australia increases support of REX with debt purchase

The Australian government is stepping up its financial support for troubled regional carrier REX Airlines.  On January 23, 2025, it became known that the Australian administration is allocating A$50 million (around US$31.3 / €30.1 million) to purchase guaranteed debt from the airline’s largest creditor, PAGAC Regulus Holdings (PAG), a private equity firm. As a result,…