Become a STA FM Member

Office Hours

Mon – Tue | 9AM – 12PM
Wed – Fri | 9AM – 2:30PM

Phone:

(02) 5619 2439

Email:

admin@stafm.com.au

Federal Govt Throws REX a Lifeline

by | Nov 13, 2024 | Business, Politics | 0 comments

The Federal Labor Government has offered REX Airlines a lifeline to keep regional routes running while the company continues to work through its voluntary administration process.

The $80 million support to the airline was announced yesterday, which will also be used to grant early access to entitlements for former employees of the business.

The government has also agreed to continue to guarantee ticket sales made throughout the Voluntary Administration to 30 June 2025, should the Federal Court agree to the extension application.

Minister for Infrastructure, Transport, Regional Development and Local Government Catherine King, says her department will continue to meet regularly with the administrators as they work to implement a turnaround strategy for the regional aviation business.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Other News