Canberra has issued a new commitment of support for Rex, saying government acquisition of the carrier is a contingency option if buyers cannot be found.
Australian financial regulators are suing bankrupt airline Rex and four of its directors alleging the carrier filed misleading stock market financial updates.
Australian airline Rex has entered voluntary administration, and the carrier’s narrowbody jet unit appears likely to be a casualty of its restructuring.
Rex has signaled it is preparing a major announcement, as speculation grows it may make significant changes in an attempt to improve its financial position.
After getting approvals to ramp up flying into Australia, Turkish Airlines has held talks with Australian domestic carrier Rex about forming a new partnership.
While Australian domestic carrier Rex has secured the lease deals it needs for its short-term fleet growth, it is also considering adding further aircraft.
