Government Lifeline: Rex Airlines Secures $80 Million Boost

The Australian government has committed up to A$80 million to assist Regional Express Holdings during its ongoing voluntary administration, aiming to maintain crucial regional routes. The move is part of a larger plan to stabilize Rex, which faced financial challenges and job cuts. The Transport Workers' Union supports this initiative.

The Australian government announced a significant support package of up to A$80 million for Regional Express (Rex), which is navigating an extended voluntary administration period.

Having faced substantial challenges, including job cuts and the closure of its Boeing 737 subsidiary, Rex aims to continue serving Australia's regional areas.

The financial support will help keep regional routes operational, with the Transport Workers' Union advocating for the government to also acquire a stake in the airline to solidify regional connectivity.

(With inputs from agencies.)