The Australian regional carrier’s financial future is in question as Transport Minister Catherine King says the federal government will step in if need be to help the airline.
Prime Minister Anthony Albanese said the federal government would “examine any proposals” that were presented to secure the future of regional carrier Rex Airlines, with the company’s shares currently in a trading halt.
Rex launched capital city services as part of a new strategy, putting it in competition with Qantas and Virgin Australia.Albanese comments have indicated that if there was to be any future government support of Rex, it would have conditions. Rex has been an important carrier in Australia’s aviation market providing links with regional communities and their economies into capital cities, and also servicing the fly-in, fly-out markets to mining centres.
“We’re keeping a pretty close eye on the announcement tomorrow and stand ready. You know, we think Rex is a pretty important part of the Australian aviation industry and stand ready to work with them to see whether there’s any assistance or anything the Government needs to do,” she told the ABC. “We don’t want to see Rex fold.”
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