Canberra lays out terms for support of Rex Airlines rescue

November 5, 2025roymorgansocial Leave a comment

Original article by Chris Zappone
The Sydney Morning Herald – Page: Online : 5-Nov-25

The federal government will provide Rex Airlines with a new $60m commercial loan, lifting taxpayers’ total financial support for the carrier to more than $200m since it went into administration. US-based Air T will in turn contribute $50m to the recapitalisation of Rex as part of its deal to acquire the failed airline. The government will also restructure about $90m of Rex’s debt on terms that will allow repayments to be made over time via a profit-sharing arrangement. In addition, the government will retain its security over Rex’s fleet of Saab 340s aircraft and its flight simulator. Meanwhile, administrator EY has confirmed that Rex’s creditors will not recover any of their money.

CORPORATES
REX AIRLINES PTY LTD, REGIONAL EXPRESS HOLDINGS LIMITED, AIR T INCORPORATED, ERNST AND YOUNG

Rex Airlines finds US buyer after entering into voluntary administration

October 22, 2025roymorgansocial Leave a comment

Original article by Miriah Davis
abc.net.au – Page: Online : 22-Oct-25

The administrators of Rex Airlines have confirmed that they have secured a sale and implementation deed with US-based air services company Air T. The deal follows a long-running sale process for Rex, which went into voluntary administration in June 2024. Transport Minister Catherine King in turn has confirmed that the federal government has entered into an agreement with Air T in relation to restructuring Rex’s financing arrangements. She says this will allow Rex to continue to provide aviation services for regional communities. Air T is a holding company for 16 entities that provide a range of aviation services. The deal will be put to Rex’s creditors in coming weeks.

CORPORATES
REX AIRLINES PTY LTD, REGIONAL EXPRESS HOLDINGS LIMITED, AIR T INCORPORATED, AUSTRALIA. DEPT OF INFRASTRUCTURE, TRANSPORT, REGIONAL DEVELOPMENT, COMMUNICATIONS AND THE ARTS

Qantas hack sparks scam high alert

July 16, 2025roymorgansocial Leave a comment

Original article by Robyn Ironside, Jared Lynch
The Australian – Page: 15 : 16-Jul-25

Qantas recently advised that a ‘potential’ cyber criminal has made contact with the airline in the wake of the cyber attack on a customer service platform in Manila. Qantas has indicated that it has yet to receive a ransom demand, while no personal data of the 5.7 million affected customers has been released on the ‘dark web’ to date. Satnam Narang from US-based cybersecurity firm Tenable warns that ‘social engineering’ scams may be the biggest risk to Qantas customers whose data has been compromised. He says given that phone numbers were exposed in the hack, affected customers may be targeted with SMS-based scams.

CORPORATES
QANTAS AIRWAYS LIMITED – ASX QAN, TENABLE NETWORK SECURITY INCORPORATED

Qantas rebounds in world airline awards

June 18, 2025roymorgansocial Leave a comment

Original article by Anna McCooe
The Australian Financial Review – Page: 3 : 18-Jun-25

Qantas has been ranked 14th in the annual Skytrax World Airline Awards, compared with 24th in 2024. Qantas has also received the award for the Best Airline in Australia and the Pacific region. CEO Vanessa Hudson says the award is testament to the airline’s global workforce of 29,000. Meanwhile, Qatar Airways has been named the World’s Best Airline for a second successive year; it has now won the top award nine times. The Skytrax awards are based on a survey of more than 22 million airline customers worldwide.

CORPORATES
QANTAS AIRWAYS LIMITED – ASX QAN. SKYTRAX. QATAR AIRWAYS

Final call for Jetstar Asia as Qantas reclaims its planes

June 12, 2025roymorgansocial Leave a comment

Original article by Robyn Ironside
The Australian – Page: 13 & 17 : 12-Jun-25

Qantas has advised that 500 employees at its Singapore-based Jetstar Asia subsidiary will be retrenched when the carrier ceases operations at the end of July. Jetstar CEO Stephanie Tully has indicated that Jetstar Asia is like to book a loss of $35m for the 2025 fiscal year, and it has been profitable in just six of the 20 years since it was established. She adds that other airlines that fly under the Jetstar banner are profitable. Jetstar Asia’s fleet of 13 Airbus A320s will be redeployed on Australian routes operated by Jetstar and Network Aviation; the latter provides ‘fly-in, fly-out’ services in Western Australia.

CORPORATES
QANTAS AIRWAYS LIMITED – ASX QAN, JETSTAR AIRLINES PTY LTD, JETSTAR ASIA

Virgin to pay 61,000 flyers refunds for overpricing

April 11, 2025roymorgansocial Leave a comment

Original article by Alex Mitchell, Farad Farad
The Australian Financial Review – Page: 10 : 11-Apr-25

Virgin Australia says it will contact passengers who have been found to have been overcharged as a result of an error with its booking system. The airline has stated that the error occurred between April 2020 and March this year, and that around 61,000 travellers were affected. Virgin Australia says the impacted travellers will have to lodge a claim to receive their refund and that they have a year in which to do so, with the average refund due being $55; Consumer advocate Adam Glezer contends the refund claim process is too laborious, and puts an unfair onus on affected passengers.

CORPORATES
VIRGIN AUSTRALIA HOLDINGS LIMITED

ACCC ticks Virgin-Qatar flights plan

February 19, 2025roymorgansocial Leave a comment

Original article by Ayesha de Kretser
The Australian Financial Review – Page: 14 & 19 : 19-Feb-25

The Australian Competition & Consumer Commission has backed Vigin Australia’s proposed alliance with Qatar Airways. The ACCC’s draft determination has concluded amongs other things that the wet-lease agreement will be advantageous to travellers by offering a greater choice of international flights, more convenience and enhanced loyalty program benefits. Qatar Airways will also acquire a 25 per cent stake in Virgin if the deal receives final approval from the ACCC, and ultimately the Foreign Investment Review Board and Treasurer Jim Chalmers.

CORPORATES
VIRGIN AUSTRALIA HOLDINGS LIMITED, QATAR AIRWAYS, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, AUSTRALIA. DEPT OF THE TREASURY

Sacked Qantas workers’ record $120m payout

December 18, 2024roymorgansocial Leave a comment

Original article by Ayesha de Kretser
The Australian Financial Review – Page: 3 : 18-Dec-24

Qantas has agreed to pay $120m in compensation to 1,683 ground handling workers whose jobs were outsourcd in 2020. The Transport Workers Union’s national secretary Michael Kaine has welcomed the deal; he says that "delivering justice" to the affected workers is "the first step in turning Qantas around". Economic and non-economic losses will be considered in determining each worker’s share of the payout. Qantas had argued that the outsourcing was necessary in response to the pandemic, but Federal Court ruled that the workers had been illegally sacked to prevent them from exercising their workplace right to take industrial action.

CORPORATES
QANTAS AIRWAYS LIMITED – ASX QAN, TRANSPORT WORKERS’ UNION, FEDERAL COURT OF AUSTRALIA

Pay deal averts airport strike

December 10, 2024roymorgansocial Leave a comment

Original article by Robyn Ironside
The Australian – Page: 15 : 10-Dec-24

Over 1,000 ramp, cargo and baggage operations workers employed by Emirates-owned dnata had been threatening to strike for 24 hours on Wednesday in search of better rostering, job security and pay, with the proposed strike threatened to disrupt international flights. However, the strike has been averted after talks between dnata and the Transport Workers Union on Monday, with dnata agreeing to a number of demands, including a 11 per cent pay rise over two years and seven days’ notice of roster changes.

CORPORATES
DNATA CARGO AGENCIES, EMIRATES AIRLINES, TRANSPORT WORKERS’ UNION

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