Worked so well the last time around....Live: Government offers Regional Express $80m lifeline to keep regional routes running
Regional Express has been offered an $80 million in financing to keep regional routes running after the nation's third-largest carrier entered voluntary administration in July.www.abc.net.au
Well this time they shouldn't be blowing it on a 737 war.Worked so well the last time around....
Live: Government offers Regional Express $80m lifeline to keep regional routes running
Regional Express has been offered an $80 million in financing to keep regional routes running after the nation's third-largest carrier entered voluntary administration in July.www.abc.net.au
General Election in a few months (May 2025 at latest). The Govt will not let REX fold : not good for regional seats and the bad RP that would entail. The extension of 30 June is after the election.The administrators plan to apply for an extension for the voluntary administration process until 30 June 2025.
The Government will also grant early access to entitlements for former Rex employees.
Source: Rex gets multi-million lifeline for regional flights
Well this time they shouldn't be blowing it on a 737 war.
Seems unfair to say that... everyone wants more mainline competition, and any competition needs to start with something otherwise we would always have nothing..... but...
Not too dissimilar to the Covid 19 funding they receivedThat’s a lot of cash for a fleet of 30 odd Saabs.
Entitlements only make up a small portion when checking the reports.
The administrators are claiming that the financing will help to increase the size of the operational fleet and allow them to invest in a business improvement program.That’s a lot of cash for a fleet of 30 odd Saabs.
Entitlements only make up a small portion when checking the reports.
Share price down to 57 cents today...
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