Rex receives extension of voluntary administration until 05-Dec-2025
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Background ✨
The Government had previously committed up to AUD80 million in support for Rex Airlines during its administration, including the acquisition of AUD50 million in debt from its largest creditor, and outlined contingency plans for potential Commonwealth acquisition if a market-led sale did not succeed1 2. Rex used proceeds from non-core asset sales to repay remaining debt to PAGAC Regulus Holdings Limited3. The administration sale process has generated significant interest from multiple parties4.