Original article by Robyn Ironside
The Australian – Page: 19 : 1-Jul-26

The NSW Supreme Court has ruled that Rex Airlines’ former non-executive directors John Sharp, Lincoln Pan and Siddharth Khotkar had not breached their continuous disclosure obligations. The Australian Securities & Investments Commission had alleged that the failed airline’s directors had known for some months that it was on track to post a large loss in 2023, but had withheld this information from investors; Rex subsequently posted a loss of $31.7m for fiscal 2023, and it was placed in administration in mid-2024. Rex’s former executive chairman Lim Kim Hai will be sentenced later this year, having changed his plea guilty after the trial commenced.

CORPORATES
REX AIRLINES PTY LTD, REGIONAL EXPRESS HOLDINGS LIMITED, SUPREME COURT OF NEW SOUTH WALES, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION