Hundreds of former Rex employees could face an even longer wait to be paid their entitlements after administrators applied for an extension to find a buyer for the airline.
Rex entered voluntary administration on July 30, with representatives from consulting firm Ernst & Young (EY) appointed after the airline permanently grounded its fleet of Boeing 737s that operated on major capital city routes.
Documents filed in the Federal Court on Wednesday stated that administrators were requesting the convening period be extended until November 25 to give them more time to finalise the sales process for the airline, which is $500 million in debt.
A sales period for Rex officially began on August 9 following the first creditors’ meeting, with…
