Kairos Debt Relief Petition | Justice and Peace

Kairos is our ecumenical justice organization in Canada. The Anglican Church of Canada is part of Kairos.  Kairos has launched a Jubilee initiative called Turn Debt into Hope asking for the forgiveness of debt of the poorest nations.  The theme of the Year of Jubilee is “Pilgrims of Hope.” Inspired by this theme,  and the…

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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,…