Australia’s third-largest airline Rex’s shares are in a trading halt as speculation mounts that it has called in restructuring experts Deloitte to take a look at its books.
Rex Airlines’ future is up in the air as the company grapples with boardroom turmoil, a stoush with its biggest shareholder, and speculation that restructuring experts Deloitte have been appointed to the group.The Australian
Rex Airlines has suffered a boardroom brawl and there is now speculation that restructuring experts Deloitte have been appointed to the company. Earlier this year, Rex had announced it was partnering with Etihad, which enabled Rex’s domestic flights to connect with the Middle East operator’s global network.
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