Original article by Sezen Bakan
The New Daily – Page: Online : 31-Jul-24

Rex Airlines has advised that EY has been appointed as voluntary administrators of the Regional Express listed entity and a number of subsidiaries. Rex also announced that its fleet of Boeing 737s have been grounded and all flights on capital city routes have been cancelled; however, flights to regional destinations will continue to be serviced by its fleet of Saab 340s. Professor Pierre Benckendorff from the University of Queensland says airfares on capital city routes are unlikely to be affected if Rex is liquidated; he adds that airfares on regional routes could rise sharply due to lack of competition, and some routes may be discontinued.

CORPORATES
REX AIRLINES PTY LTD, REGIONAL EXPRESS HOLDINGS LIMITED – ASX REX, ERNST AND YOUNG, UNIVERSITY OF QUEENSLAND