Rex limbo to drag on as EY fails to find airline a new owner

The Australian Financial Review
17 Jun

Regional Express could remain in limbo until the end of the year after the Albanese government was forced to extend the collapsed airline’s administration amid a long delay in finding it a new owner.

In a statement late on Tuesday, the government said it would hand another $30 million to the airline, known as Rex, which collapsed almost a year ago after a boardroom brawl and the failure of a strategy to expand from regional services and compete on popular capital city routes.

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