Regional Express Holdings
- Updated
- Courts
Ex-Rex boss admits hiding news of airline’s financial woes
Former Rex executive chair Lim Kim Hai admitted “to all alleged contraventions against him,” on the third day of the trial in NSW Supreme Court.
- Chris Zappone
Latest
Ex-transport minister, directors allegedly kept market in the dark about airline’s dire straits
Rex told the market in early 2023 it expected to make a profit that financial year, then announced a major loss. By mid-2024, it had collapsed into administration.
- Chris Zappone
Canberra lays out terms for support of Rex Airlines rescue
The federal government will issue a new commercial loan of $60 million to the regional airline.
- Chris Zappone
‘No one’s going to get money back’: Taxpayers exposed to $130m hit in Rex sale
Industry experts fear taxpayers will probably lose the $130 million in funding injections that the federal government made to the failed regional airline.
- Brittany Busch and Mike Foley
- Updated
- Mergers & acquisitions
‘High confidence’: Rex Airlines rescued by US outfit Air T
Administrators E&Y have warned that the debt-laden airline’s 4800 creditors, who are owed a combined $500 million, will probably receive nothing.
- Chris Zappone
Rex Airlines to secure US buyer
Air T, a Nasdaq-listed US aviation company, has reportedly agreed to buy Rex, according to sources with direct knowledge of the deal.
- Chris Zappone
- Exclusive
- Aviation
ASIC had raised ‘increasing concerns’ about Rex with the government
Hours after Rex went into administration, the watchdog told Treasurer Jim Chalmers it was probing the airline for deceiving investors about its profitability.
- Sumeyya Ilanbey
Albanese government says it will acquire collapsed Rex Airlines if no other buyers emerge
The move would make it the first Australian government to own an airline since Qantas was privatised in the 1990s.
- Natassia Chrysanthos and Mike Foley
Rex’s desperate hunt for $10 million before airline’s collapse
New documents show former executive chairman Lim Kim Hai described the airline’s sales as “bewilderingly bad” less than two months after Rex said it expected to make a profit.
- Sumeyya Ilanbey
- Opinion
- Aviation
Can things get any worse for Australia’s third-biggest airline?
The federal government handed it an $80 million lifeline last month, but it should have imposed stricter conditions on Rex before handing over the money.
- Elizabeth Knight