• Rex’s $80m life raft

  • Nov 13 2024
  • Length: 45 mins
  • Podcast

Rex’s $80m life raft

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  • Summary

  • It’s been three-and-a-half months since Rex went into administration, and while the planes are still flying, so far the administrators have yet to find a buyer for its regional turboprop operations despite securing a deal to sell off the profitable aeromedical wing Pel-Air.

    Enter the federal government, which has extended its support for the airline to the tune of $80 million in financing, which the administrator has indicated it wants to use to keep the lights on until at least mid-2025 while growing the operational fleet.

    Adam and Jake discuss whether this latest effort from the government is likely to bear fruit, and what it might mean for Rex’s regional rivals.

    Plus, Qantas objects to Virgin’s wet-leasing deal with Qatar – but does the Flying Kangaroo have a leg to hop on?

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