{"id":83145,"date":"2025-02-12T02:53:31","date_gmt":"2025-02-12T02:53:31","guid":{"rendered":"https:\/\/peraltafinancing.com\/aerospace\/australian-government-considering-ownership-of-rex-airlines\/"},"modified":"2025-02-12T02:53:31","modified_gmt":"2025-02-12T02:53:31","slug":"australian-government-considering-ownership-of-rex-airlines","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=83145","title":{"rendered":"Australian Government considering ownership of Rex Airlines"},"content":{"rendered":"


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According to a report published on Tuesday, February 11, 2025, the Australian Government, led by Anthony Albanese, intends to announce as soon as February 12, 2025, that it is considering the purchase of a controlling stake in Rex Airlines<\/a>, the beleaguered regional Australian carrier that serves many smaller and more rural communities across the country that would be isolated to a large degree should Rex services cease to exist. The deal is being seen as a last resort for Rex, which has been struggling financially since going into voluntary administration in July 2024. \u00a0\u00a0<\/p>\n

Rex Airlines collapsed into administration following an ill-fated attempt to compete against Qantas\/Jetstar and Virgin Australia on trunk routes linking the state capitals using its small fleet of Boeing 787-800 aircraft. This operation ceased once administrators were appointed with all the jet aircraft departing, leaving Rex with a fleet of 58 Saab SF340 turboprops.<\/p>\n

According to the report published by The Conversation, despite administrators having worked tirelessly since then to secure a buyer for the airline, the government is expected to announce that to ensure continuity of operations, it will \u201cwork with shortlisted bidders on potential support to maximize the prospects of a sale.\u201d This will be the second attempt to find a buyer for the embattled carrier after an initial attempt to sell Rex failed in late 2024.<\/p>\n