Government bails out Rex's multi-million-dollar debt to regional airports
The Australian government has provided a $4.8 million bailout to cover the debts owed by Rex Airlines to regional councils. This financial support comes as part of a broader effort to stabilize the airline following its collapse into voluntary administration in 2024. The bailout is seen as crucial for maintaining aviation services in regional areas, particularly for councils that rely on Rex as their sole airline operator.
- ▪Rex Airlines collapsed into voluntary administration in July 2024 due to over $500 million in debt.
- ▪The federal government has paid 100 percent of the debts owed by Rex to 34 regional councils across Australia.
- ▪New South Wales councils received the largest share of the bailout, totaling nearly $2 million.
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Federal government bails out Rex's multi-million-dollar debt to multiple council airportsBy Jenae Madden and Lily PlassABC North and West SATopic:Air Transport IndustryMon 25 May 2026 at 2:56pmMon 25 May 2026 at 2:56pmMon 25 May 2026 at 2:56pmRex Airlines collapsed into voluntary administration in July 2024, weighed down by over $500 million in debt following a costly expansion into capital cities. (AP)In short: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.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at ABC News (Australia).