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The Latest Breaking News from Rex

Rex's sale to US aviation business cleared for take-off

An American aviation investor will take over Rex after creditors backed in its proposal to buy the regional airline out of voluntary administration.

AAP

Rex administrators blame pilot and parts shortage

Administrators to beleaguered regional airline Rex have found a pair of factors contributed to its insolvency above its botched entry to capital city markets.

AAP

Airlines to be probed over pricey regional fares

The Productivity Commission will examine pricing practices and competition in regional air travel as the future of a country carrier remains in the balance.

AAP

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Government Intervention Ensures Vital Air Services Persist in Regional Australia

Amid growing concerns over regional connectivity, the Australian government's recent strategic interventions are proving crucial in maintaining essential air services, preserving economic stability and community engagement across the continent's remote areas. Amid the financial uncertainties surrounding the sale of Regional Express (Rex), experts emphasize the broader significance of government support…

inkl

Rex sale lands but there's no cheap flight guarantees

There's hope regional airline Rex can expand its manifest under the wing of an international buyer, but questions remain about key parts of the deal.

AAP

Rex Airlines snapped up by US company

The administrators of Regional Express Airlines have confirmed a sale and implementation deed has been entered with a US-based air services company.

AAP

REX Shares Drops Three ETFs To Bet Big On Bitcoin Mining, AI Cloud, Stablecoins

REX Shares has launched three new leveraged and inverse ETFs targeting traders looking for aggressive bets on high-growth trends within digital assets and AI infrastructure. The new introductions are the T-REX 2X Long BMNR Daily Target ETF (BATS:BMNU), the T-REX 2X Inverse CRWV Daily Target ETF (BATS: CORD), and the…

Benzinga

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Amid Ethereum Swings, REX-Osprey Brings A Surprising Way To Invest In ETH

REX-Osprey debuted the REX-Osprey ETH + Staking ETF (BATS: ESK) on Thursday, the first 1940 Act ETF available for listing in the U.S. that combines direct exposure to Ethereum (ETH) and staking rewards. The fund enables investors to access Ethereum’s proof-of-stake network and receive monthly distributions, with 100% of staking…

Benzinga

Top 4 Energy Stocks That May Rocket Higher In Q3

The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.

Benzinga

Rex offered more federal funds to support court bid

The Albanese government is offering another lifeline to Rex's administrators to support them in their court bid, but has made key demands in return.

AAP

Politics can destroy relationships – just ask Sarah Vine and Michael Gove

In her memoir, Vine pins the downfall of her marriage on Brexit. But the finer details tell a story we might all be familiar with, says Guardian columnist Emma Brockes

The Guardian - UK

“Well suited for everything from bluesy porch pickin’ to speakeasy swingin’”: Gretsch drops two limited edition Jim Dandy parlour and concert acoustics with solid spruce tops and off-the-charts vintage mojo

They're small-bodied, budget-friendly, inspired by ye olde Rex catalogue pre-War models... Get 'em while they're hot, people

MusicRadar

Australia’s smaller airports rife with vulnerabilities, former Qantas security head says, after alleged gunman boarded Jetstar flight

Much of the security is on the passenger side of the terminal, Geoff Askew says, not on the tarmac

The Guardian - AU

‘World’s hottest brand’: how Miu Miu defied sales plunge in fashion industry

As luxury firms struggle worldwide, the ‘knowingly cool’ label is posting record-breaking sales figures

The Guardian - UK

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The Guardian - AU

The Virgin-Qatar deal is welcome but it’s not the magic bullet Australian aviation needs

At a time when money can clearly be made domestically and passengers are paying more, this tie-up won’t fix competition woes

AAP

Taxpayers take risk on Rex if ailing airline can't sell

Experts are questioning why taxpayers should be placed on the hook for bailing out Rex through a government takeover if buyers are unwilling to take the risk.

The Conversation

Politics with Michelle Grattan: David Littleproud on US tariffs, a government-owned Rex, and the Nationals’ identity

With the election only months away, the Labor government finds itself suddenly battling with the Trump administration for an exemption from new US tariffs on steel and aluminium.

AAP

'Governments shouldn't own airlines': Rex rescue panned

A possible government takeover of failed airline Rex has come under fire, with the sector declaring a taxpayer lifeline would create an uneven playing field.

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The Guardian - AU

Rex may become state-owned carrier after buyer fails to emerge

Albanese government facing prospect of stepping in to buy and operate regional airline

The Conversation

Albanese government looking to acquire Rex Airlines if buyer can’t be found

The Albanese government will on Wednesday announce it is willing, as a last resort, to purchase the collapsed Rex Airlines, in its latest bid to prop up aviation services to regional and remote areas.

AAP

Aviation 'crisis' - bulk injuries for airport workers

A union says the aviation industry is at breaking point, with a survey of workers revealing a sector in crisis, with unsafe conditions after years of upheaval.

AAP

Lift-off for new Rex sale after $50m taxpayer lifeline

Taxpayers will fork out a $50 million debt lifeline to Rex, with the federal government stepping in for a second bid to sell the embattled airline.

International Business Times

A Memecoin Revolution: Florida ETP Firm REX Shares Files For $TRUMP, $DOGE, $BONK ETFs

A Florida ETP provider has filed for $TRUMP, $DOGE, and $BONK ETFs, seeking to be the first issuer of memecoin ETFs in the United States – the filings were submitted just a day after Gary Genser left his Chair position at the SEC.

The Guardian - AU

Soaring air fares between Melbourne and Sydney see travellers take 11-hour train

Exclusive: Seats on Sydney-Melbourne train service regularly sell out over holiday period, as one-way flights to Tullamarine average almost $500

AAP

Rex directors face grounding for silence over $35m hole

Four Rex directors failed to disclose the troubled airline's financial position after expressing optimism for future profits, the corporate regulator alleges.

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