In short:
Rex Airlines’ administrators say pilot shortages and supply chain issues contributed to the business’s $500 million debt.
Administrators say they are confident they will find a buyer for the regional carrier and have received several expressions of interest.
What’s next?
A second creditors meeting is expected to be held in early September.
Administrators for collapsed regional carrier Rex Airlines say a shortage of pilots, supply chain issues and flights not being flown at capacity led to the company accruing more than $500 million in debt.
Rex was placed into voluntary administration at the end of July after days of speculation about the airline’s future when it was placed into a trading halt on the Australian Securities Exchange…
