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The Latest Breaking News from Rex

Why is Rex Airlines being sued? And why is the government still bailing it out?

Despite ASIC investigating Rex over ‘serious governance failures’, the government is still propping it up. Now what?

Crikey

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.

AAP

More time to win buyers for made-over 'Rex 2.0' airline

Moves to make regional airline Rex more commercially desirable have been flagged as administrators struggle to find a buyer to keep the company afloat.

AAP

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Is it time for a royal commission into Qantas?

Qantas and Virgin now have 98% of the domestic market between them. It’s a kind of dominance that vastly overshadows the level of control enjoyed by the supermarket duopoly or the big four banks.

Crikey

Biden, Trump friendly in transition talks

Joe Biden hosted Donald Trump in the Oval Office and the two behaved like old chums when promising a peaceful transition of power, and Labor’s social media ban is hitting a few snags.

Crikey

Labor, stop sweating the small stuff and use Rex to smash Qantas

Qantas lifted prices by an average of 13% when Rex stopped operating. Time for the government to get tough on the gougers.

Crikey

Report finds just how much airfares spiked since end of Rex. One route doubled

Prices for many Canberra flights have risen since Rex's exit.

The Canberra Times

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Predictably, domestic airfares surged after the collapse of Rex. There aren’t many good solutions

Australia’s airline industry is famously duopolistic. Just two companies – Qantas and Virgin Australia – service 98% of the domestic passenger market. That’s not for a lack of other companies having tried to secure a foothold, over many decades.

The Conversation

Cheapest economy airfares more than doubled on some routes after collapse of Rex flights

ACCC says ticket price spike corresponds with concentration of sector and warns ‘it may be some time before a new airline emerges to compete’

The Guardian - AU

'It's a lifeline': relief as government hands Rex $80m

The federal government will provide up to $80 million to keep Rex regional routes operating, a relief for rural communities fearing for their future prosperity.

AAP

Rex airs bid to sell ambulance flights firm to cut debt

The $47 million sale of a Rex-owned business that provides ambulance services to Australia's two most populous states hinges on approval from regulators

AAP

Crackdown on landing slots to have airport flying high

New powers are in the pipeline designed to crack down on the major airlines hoarding slots and freezing out the competition at Sydney Airport.

AAP

‘All the pilots hate management’: Qantas facing staff exodus and strikes

‘While some things have changed under Hudson, the new mantra from management is to point to the “Alan Joyce” era. Most of them were part of that.’

Crikey

Outgoing Virgin CEO plays down Qatar stake speculation

Virgin Australia CEO Jayne Hrdlicka has played down reports Qatar Airways is seeking to acquire a 20 per cent stake in the nation's second-biggest airline.

AAP

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Crikey

We might not love Qantas, Jetstar or Virgin, but the market made them like this

As new entrants to the market emerge only to inevitably fade away, it’s clear Australia’s domestic market appears only able to support two carriers.

Crikey

Qantas posts a profit drop but the national carrier is doing just fine

The national carrier posted a post-tax profit of $1.25bn, which dropped 28% on the previous financial period.

AAP

Rex sale on track, despite managers' call for more time

The administrators of cash-strapped carrier Rex have asked the Federal Court for an extension of time even though they hope to have a buyer in the coming month.

The Guardian - AU

ACCC keeping ‘vigilant’ watch on Qantas and Virgin airfares after Rex retreat

Watchdog provides bleak assessment of airline competition, saying ticket prices could climb with return of duopoly

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AAP

Airfare spike fears after Rex's flight from capitals

With no Australian airline route featuring more than two companies, the competition watchdog says prices could spike with the exit of cash-strapped Rex.

The Guardian - AU

Government guarantees Rex regional flight bookings during airline’s administration

Transport minister says Rex customers now have certainty ‘they will either fly or get their money back’

AAP

Flights guaranteed for regional Rex Airlines customers

The federal government has guaranteed bookings on Rex Airlines as it goes through the administration process, as sacked workers call for their entitlements.

The Guardian - AU

Australia’s airline duopoly won’t keep planes in regional skies

Anti-competitive behaviour has crept into so many of our essential services, including country airports, but there’s still plenty of flying to be done. Sic ’em, Rex

AAP

'Too many cooks': NSW avoids Rex bailout discussions

As embattled regional airline Rex works on a bailout package with the federal government, its home state is not getting involved in the financial talks.

AAP

Asset sale launched as administrators try to save Rex

An asset sale program has been launched at troubled regional airline Rex in a desperate bid to keen the heavily indebted carrier flying .

AAP

Buyers hover as administrators plot course to save Rex

Embattled Rex has received significant interest from potential buyers, administrators say, as the regional carrier battles to stay in the air.

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