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The Latest Breaking News from Rex

Taxpayers take risk on Rex if ailing airline can't sell

Experts are questioning why taxpayers should be placed on the hook for bailing out Rex through a government takeover if buyers are unwilling to take the risk.

AAP

Politics with Michelle Grattan: David Littleproud on US tariffs, a government-owned Rex, and the Nationals’ identity

With the election only months away, the Labor government finds itself suddenly battling with the Trump administration for an exemption from new US tariffs on steel and aluminium.

The Conversation

'Governments shouldn't own airlines': Rex rescue panned

A possible government takeover of failed airline Rex has come under fire, with the sector declaring a taxpayer lifeline would create an uneven playing field.

AAP

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Rex may become state-owned carrier after buyer fails to emerge

Albanese government facing prospect of stepping in to buy and operate regional airline

The Guardian - AU

Albanese government looking to acquire Rex Airlines if buyer can’t be found

The Albanese government will on Wednesday announce it is willing, as a last resort, to purchase the collapsed Rex Airlines, in its latest bid to prop up aviation services to regional and remote areas.

The Conversation

Aviation 'crisis' - bulk injuries for airport workers

A union says the aviation industry is at breaking point, with a survey of workers revealing a sector in crisis, with unsafe conditions after years of upheaval.

AAP

Lift-off for new Rex sale after $50m taxpayer lifeline

Taxpayers will fork out a $50 million debt lifeline to Rex, with the federal government stepping in for a second bid to sell the embattled airline.

AAP

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A Memecoin Revolution: Florida ETP Firm REX Shares Files For $TRUMP, $DOGE, $BONK ETFs

A Florida ETP provider has filed for $TRUMP, $DOGE, and $BONK ETFs, seeking to be the first issuer of memecoin ETFs in the United States – the filings were submitted just a day after Gary Genser left his Chair position at the SEC.

International Business Times

Soaring air fares between Melbourne and Sydney see travellers take 11-hour train

Exclusive: Seats on Sydney-Melbourne train service regularly sell out over holiday period, as one-way flights to Tullamarine average almost $500

The Guardian - AU

Rex directors face grounding for silence over $35m hole

Four Rex directors failed to disclose the troubled airline's financial position after expressing optimism for future profits, the corporate regulator alleges.

AAP

More time to win buyers for made-over 'Rex 2.0' airline

Moves to make regional airline Rex more commercially desirable have been flagged as administrators struggle to find a buyer to keep the company afloat.

AAP

Report finds just how much airfares spiked since end of Rex. One route doubled

Prices for many Canberra flights have risen since Rex's exit.

The Canberra Times

Predictably, domestic airfares surged after the collapse of Rex. There aren’t many good solutions

Australia’s airline industry is famously duopolistic. Just two companies – Qantas and Virgin Australia – service 98% of the domestic passenger market. That’s not for a lack of other companies having tried to secure a foothold, over many decades.

The Conversation

Cheapest economy airfares more than doubled on some routes after collapse of Rex flights

ACCC says ticket price spike corresponds with concentration of sector and warns ‘it may be some time before a new airline emerges to compete’

The Guardian - AU

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AAP

'It's a lifeline': relief as government hands Rex $80m

The federal government will provide up to $80 million to keep Rex regional routes operating, a relief for rural communities fearing for their future prosperity.

AAP

Rex airs bid to sell ambulance flights firm to cut debt

The $47 million sale of a Rex-owned business that provides ambulance services to Australia's two most populous states hinges on approval from regulators

AAP

Crackdown on landing slots to have airport flying high

New powers are in the pipeline designed to crack down on the major airlines hoarding slots and freezing out the competition at Sydney Airport.

AAP

Outgoing Virgin CEO plays down Qatar stake speculation

Virgin Australia CEO Jayne Hrdlicka has played down reports Qatar Airways is seeking to acquire a 20 per cent stake in the nation's second-biggest airline.

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AAP

Rex sale on track, despite managers' call for more time

The administrators of cash-strapped carrier Rex have asked the Federal Court for an extension of time even though they hope to have a buyer in the coming month.

The Guardian - AU

ACCC keeping ‘vigilant’ watch on Qantas and Virgin airfares after Rex retreat

Watchdog provides bleak assessment of airline competition, saying ticket prices could climb with return of duopoly

AAP

Airfare spike fears after Rex's flight from capitals

With no Australian airline route featuring more than two companies, the competition watchdog says prices could spike with the exit of cash-strapped Rex.

The Guardian - AU

Government guarantees Rex regional flight bookings during airline’s administration

Transport minister says Rex customers now have certainty ‘they will either fly or get their money back’

AAP

Flights guaranteed for regional Rex Airlines customers

The federal government has guaranteed bookings on Rex Airlines as it goes through the administration process, as sacked workers call for their entitlements.

The Guardian - AU

Australia’s airline duopoly won’t keep planes in regional skies

Anti-competitive behaviour has crept into so many of our essential services, including country airports, but there’s still plenty of flying to be done. Sic ’em, Rex

AAP

'Too many cooks': NSW avoids Rex bailout discussions

As embattled regional airline Rex works on a bailout package with the federal government, its home state is not getting involved in the financial talks.

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