international
Government bails out Rex's multi-million-dollar debt to regional airports
Key takeaways
- Rex Airlines collapsed into voluntary administration in July 2024, weighed down by over $500 million in debt following a costly expansion into capital cities.
- The Australian government has paid Rex Airlines' debts to regional councils across the country to the tune of $4.8 million.
- NSW received almost $2 million, with the biggest debt owed to Dubbo Regional Council in Central West NSW, which was owed near $600,000.
Why this matters: an international story with cross-border implications worth tracking.
Rex Airlines collapsed into voluntary administration in July 2024, weighed down by over $500 million in debt following a costly expansion into capital cities. (AP)
The Australian government has paid Rex Airlines' debts to regional councils across the country to the tune of $4.8 million.
NSW received almost $2 million, with the biggest debt owed to Dubbo Regional Council in Central West NSW, which was owed near $600,000.
Article preview — originally published by ABC Australia. Full story at the source.
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