Australia Minister for Regional Development: Government supports Rex regional services
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Background ✨
Rex Airlines entered voluntary administration, leading to the cessation of its Boeing 737 operations and a significant reduction in staff, with 610 job losses across Rex Airlines and Regional Express Holdings Limited1 2. The Australian Government considered acquiring Rex if private sale efforts failed and extended financial support during its administration3 4. The government also acquired AUD50 million of Rex's debt to prevent adverse outcomes for regional communities4 5.