Australian government allocates $80M to save Rex Airlines, crucial for remote communities.

The Australian government will provide $80 million to Rex Airlines, a struggling regional airline, to keep its services running. Rex entered voluntary administration in July due to $500 million in debt, grounding its fleet and leading to over 600 job losses. The funding aims to maintain essential services for remote communities, with the government also guaranteeing ticket sales and providing early access to redundancy payments for former employees.

November 11, 2024
69 Articles