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Catherine King MP Minister for Infrastructure, Transport, Regional Development and Local Government speaking about REX. - Made with Clipchamp
The Border Mail
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11/12/2024
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.
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News
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00:00
Today, I just want to give you a quick update about what's happening with the administration
00:04
of Rex Airlines.
00:06
The Albanese Government has agreed to provide financing of up to $80 million to keep Rex's
00:11
regional routes flying during an extension of the voluntary administration process.
00:17
This will give regional aviation the best chance of a sustainable future.
00:22
We've also granted early access to entitlements for former employees of the business.
00:28
The administration is progressing well, and Rex's regional flights are continuing to
00:32
operate as normal.
00:34
While our Government's guarantee remains in place, it's yet to be used and flight bookings
00:39
are holding up well, so thanks to all the passengers flying Rex.
00:43
Rex administrators intend to apply to the Federal Court to extend the voluntary administration
00:48
until 30 June next year.
00:50
The Government will continue to work closely with the airline administrators on options
00:54
to support a strong regional aviation sector into the future.
00:59
In the meantime, the financing will support Rex's regional businesses to continue offering
01:04
critical services for our regional communities.
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