Rex Airlines has entered voluntary administration, cancelling all flights between major airports.
Key Takeaways
- The airline’s Boeing 737 fleet, which services major capital city airports, has been grounded.
- Flights between major airports have been cancelled but the airline continues to operate its regional routes.
- The Transport Workers Union has reported that up to 850 jobs are expected to be axed as a result of the airline’s financial troubles.
- EY, the appointed administrators, aim to restructure the business to ensure continued service to regional Australia.
- The ASX-listed company entered a trading halt on Tuesday.
What we know
Regional Express Holdings – Rex Airlines – and a number of its subsidiaries entered voluntary administration on Tuesday, with EY appointed administrators. Flights between major airports have been cancelled, with Rex’s domestic fleet of Boeing 737 aircraft all grounded. Affected customers were contacted by Rex Tuesday night and told not to come to the airport….