Catherine King announces $80 million in funding for Rex Airlines

The Daily Advertiser

Australian Government announces financing of up to $80 million to keep Rex Airline’s regional routes running during an extension of the voluntary administration process, as well as granting early access to entitlements for former employees of the business.

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.

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