As private investors circle, Transport Workers Union urges federal government to take equity stake in airline to secure at-risk jobs and shore up routes
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A large number of potential buyers have expressed an interest in regional airline Rex as administrators work to keep the embattled carrier flying while weighed down with $500m in debt.
EY Australia has been appointed to chart a path forward for the five companies in the Rex Group since the airline called in the administrators and grounded its Boeing 737 fleet on major metropolitan routes.
Continue reading…As private investors circle, Transport Workers Union urges federal government to take equity stake in airline to secure at-risk jobs and shore up routesFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastA large number of potential buyers have expressed an interest in regional airline Rex as administrators work to keep the embattled carrier flying while weighed down with $500m in debt.EY Australia has been appointed to chart a path forward for the five companies in the Rex Group since the airline called in the administrators and grounded its Boeing 737 fleet on major metropolitan routes.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…