Rex in voluntary administration, ending all 737 services

[henrus]

Yep, VH-8JS and VH-8KH is at ASP (both ex MI/SQ and currently in ZL colours). VH-RQG is also in ASP but has been pulled apart for parts (I believe the Rex frame still exists just missing the things that make it fly).

 

[Harrison_133]

The federal court has granted an extension for Rex's voluntary administration until 30 June 2025.

 

[Saab34]

After the $80m handout, you bet can this will drag on for a long while yet.

 

[HS-TQE]

VH-REX now filed for MEL-WGA. Assuming repainting will be done near "Rexy's house"

Edit: On another note, the other tracking sites has since updated VH-REX's operator to "Virgin Australia".

VH-REX Flight Tracking and History - FlightAware

Track VH-REX flight from Melbourne Tullamarine to Wagga Wagga

www.flightaware.com

 

[Mattg]

The federal court has granted an extension for Rex's voluntary administration until 30 June 2025.

They must need all that extra time to sift through all the offers they've received from potential buyers.

 

[Saab34]

They must need all that extra time to sift through all the offers they've received from potential buyers.

Actually Bonza administrators pulled that line. Something along the lines of ‘large amount of offers coming in we need more time’

It’s basically code for we need more time to find a single person that actually wants to buy it.

These processes do carry many snoops who like to have a peek in the data room and so on.

 

[henrus]

It’s basically code for we need more time to find a single person that actually wants to buy it.

This is why it’s crazy the Rex admin has been extended, kill it and offer gov contracts of what’s needed!

 

[servicerequired]

The REX owned 50% portion of NJE National Jet Express has been sold to LKH.

"On 19 November 2024, regulatory approval was received for the purchase of the 50% shareholding of National Jet Express (NJE) registered to Air Partners Pty Ltd (Administrators Appointed) (part of the Rex Group), by NJE’s existing shareholders and Directors Lim Kim Hai and Tjoa Thian Song. NJE’s Board has subsequently approved the transfer of all the partially-paid NJE shares registered to the Rex Group to Lim Kim Hai and Tjoa Thian Song. With the transfer, which has now been effected, Lim Kim Hai and Tjoa Thian Song own 100% of NJE. It is worth clarifying that even prior to the transfer of these shares, NJE was not a subsidiary of the Rex Group and was not affected by the Rex Group entering voluntary administration. This is evidenced by the fact the business has continued to trade normally since Rex entered administration."