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Rex Airlines secures US buyer
- An American buyer, Air T, has been secured for Rex Airlines, following its collapse into administration last year, confirmed by Ernst and Young.
- Albany's Mayor Greg Stocks expressed encouragement over the future of the region's sole aviation link, stating the significance of reliable air services for regional growth.
- The Federal Government has provided over $130 million to support Rex Airlines and has also acquired part of the company's $500 million debt owed to creditors.
- Transport Minister Catherine King said that the announcement represents a positive step towards keeping Rex Airlines operational and maintaining essential aviation links for regional communities.
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Sydney Morning Herald+2 Reposted by 2 other sources
Rex Airlines to secure US buyer
A Nasdaq-listed US aviation company has agreed to buy Rex, according to sources with direct knowledge of the deal, with the terms of the agreement expected to be released as early as this week.
·Sydney, Australia
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Rex Airlines Sold: US Buyer Revives Australian Carrier - Archyworldys
Regional Aviation’s Crossroads: The Rex Airlines Sale and the Future of Australian Air Travel Just 27% of Australians live in regional areas,… The post Rex Airlines Sold: US Buyer Revives Australian Carrier appeared first on Archyworldys.
Coverage Details
Total News Sources18
Leaning Left3Leaning Right2Center1Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 17%
R 33%
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