Rex in voluntary administration, ending all 737 services

[yachty]

Certainly is super quiet in Rex land. The world has since moved on and the 737 operation is largely just a forgotten memory now.

Wonder if they are having issues sorting out what to do with the Saab operation.

Wasn't EY originally spruiking that it would be wrapped up in "weeks"? Certainly has taken a while...

Bankers begin the task of unravelling the Rex empire with asset sales

Almost two months after Regional Express called in administrators, the regional airline’s assets is being broken up and sold off.

www.afr.com

Reports property has already started to be sold off. Lim Kim Hai has already bought some, and is "interested in other assets that the airline owns" too.

Deadline to confirm bids for the Saab op is end of this month with "plenty of interest".

 

[henrus]

Deadline to confirm bids for the Saab op is end of this month with "plenty of interest".

Yeh right... didn't we hear something recently about Bonza and their AOC.