Rex Holdings completes sale of Pel-Air ambulance business to Toll Holdings Ltd
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Background ✨
Rex Airlines entered voluntary administration, impacting its operations and workforce, including 610 job losses across the business1. To support the airline during this period, Australia's Government provided up to AUD80 million in financing and guaranteed ticket sales until 30-Jun-20252. The sale of Pel-Air to Toll Group, including its air ambulance services, was part of Rex's strategy to repay secured debt amidst its financial challenges3.