The administrators of Australia’s Regional Express (Rex) are seeking an extension to the carrier’s voluntary administration period, as they confirm several “interested parties” in the sale process.
Ernst & Young (EY), which is the appointed administrator for Rex, said it is working to narrow the number of bidders, to continue “progressing negotiations with a view to achieving a successful transaction”.
EY did not disclose the number of offers it has received, except to say that they are “well-funded and see real value in the business and its future”.
The administrators were originally given until end-June to close the sale of Rex, which entered into administration in July 2024 amid mounting financial…