Australian Government commits to acquiring Rex if no sale goes ahead
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Background ✨
The Australian Government acquired AUD50 million of debt from Rex Airlines' largest creditor to prevent liquidation and ensure regional connectivity, becoming the principal secured creditor1. Ernst & Young, Rex's administrators, worked on an engineering programme to improve the network and attract potential buyers, with a second sale process scheduled for Feb-20252. The government extended the convening period for Rex's administration until 30-Jun-2025 to support regional services3.