Catherine King MP Minister for Infrastructure, Transport, Regional Development and Local Government speaking about REX. - Made with Clipchamp - video Dailymotion

The Border Mail

Federal Transport Minister Catherine King announces the government will provide financing of up to $80 million to keep troubled airline Rex’s regional routes running.

Transcript

00:00Today, I just want to give you a quick update about what's happening with the administration

00:04of Rex Airlines.

00:06The Albanese Government has agreed to provide financing of up to $80 million to keep Rex's

00:11regional routes flying during an extension of the voluntary administration process.

00:17This will give regional aviation the best chance of a sustainable future.

00:22We've also granted early access to entitlements for former employees of the business.

00:28The administration is progressing well, and Rex's regional flights are continuing to

00:32operate as normal.

00:34While our Government's guarantee remains in place, it's yet to be used and flight bookings

00:39are holding up well, so thanks to all the passengers flying Rex.

00:43Rex administrators intend to apply to the Federal Court to extend the voluntary administration

00:48until 30 June next year.

00:50The Government will continue to work closely with the airline administrators on options

00:54to support a strong regional aviation sector into the future.

00:59In the meantime, the financing will support Rex's regional businesses to continue offering

01:04critical services for our regional communities.

Catherine King MP Minister for Infrastructure, Transport, Regional Development and Local Government speaking about REX. - Made with Clipchamp

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