Australia's largest independent regional airline, Rex, facing $500m debt, seeks government support for regional flights amid financial struggles.

Australia's largest independent regional airline, Rex, facing $500m debt, urges travellers to continue booking flights amid financial struggles. Despite grounding its Boeing 737 fleet on major metropolitan routes, regional flights continue with ongoing funding from PAG Asia Capital. Rex's administrators, EY Australia, are in talks with the federal government, who will support Rex if it prioritizes regional flights. The airline's financial distress is attributed to competition with major carriers, a shortage of pilots, and supply chain issues. The Transport Workers Union is pushing for the federal government to take an equity stake in Rex to secure at-risk jobs and support regional transport links.

August 12, 2024
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