Federal Government Signals Support for Troubled Rex Airlines
Rex Airlines halts ticket sales and faces potential administration as government pledges intervention to ensure its future.
- Rex Airlines has stopped selling tickets for some services amid financial uncertainty and leadership tensions.
- The federal government has engaged in discussions with Rex's leadership and may intervene to save the airline.
- Rex's shares have been suspended from trading pending a major announcement expected on Wednesday.
- Rural communities express concern over potential isolation if Rex collapses, highlighting its importance for regional connectivity.
- Speculation arises about Rex appointing administrators, with reports suggesting EY could take on the role.