The federal government has offered a financial lifeline to Rex as its administrators seek to extend their appointment.
$80 million in financing will be provided to keep the business and its regional services afloat as EY Australia continues to search for a buyer, with the administrator applying to the Federal Court to extend the voluntary administration to 30 June 2025.
The move is another indication that the government does not want Rex to fail, having moved to prop up the ailing carrier since its administration at the end of July, including by guaranteeing bookings and preserving its slots at Sydney Airport.
“The financing will support the business to continue offering critical services for…
