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,…

The people turning to church for money advice

Charity Christians Against Poverty have seen a 27 per cent rise in the number of people turning to local churches for debt help in the past year An increasing number of Britons are turning to churches as the cost of living crisis continues to bite – for advice about debt, not simply spiritual consolation. The…

The people turning to church for money advice

Charity Christians Against Poverty have seen a 27 per cent rise in the number of people turning to local churches for debt help in the past year An increasing number of Britons are turning to churches as the cost of living crisis continues to bite – for advice about debt, not simply spiritual consolation. The…