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.
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.has been offered an $80 million lifeline to keep regional routes running after the nation's third-largest carrier entered voluntary administration in July.
Rex will pay entitlements for the remaining workers who have been made redundant during the period of administration. An application will be made to the Federal Court to extend the administration period to the end of June 2025. If that's successful the government funding will guarantee ticket sales for that period.
"Today’s announcement is another demonstration of our commitment to maintaining regional aviation access, recognising the important role that Rex plays in regional communities right across Australia," the ministers said.
Federal Politics Live Anthony Albanese Peter Dutton
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal government bolsters offer to WA sheep farmers hit by live export ban by $32 millionThe federal government will provide an additional $32 million to help WA's sheep industry transition away from live exports, bringing the total support package to $139 million.
Read more »
Federal government announces $95m preparedness fund in case of deadly H5N1 bird flu arriving in AustraliaBiosecurity, environmental funding for protected native species and a top-up of the national stockpile of flu vaccines are part of preparations for the arrival of H5N1 to Australia.
Read more »
Federal government promises to crack down on card surcharges by 2026There is an end in sight for consumers getting hit with sneaky surcharges when they pay on card, with the federal government prepared to ban the practice by 2026, promising to give consumers and small businesses 'a fair go.'
Read more »
Thirroul wins $5.4m in electrification subsidies as federal government backs energy pilot projectThe federal government has committed $5.4 million to a pilot program allowing 500 eligible households in Thirroul to purchase electric appliances, heating and cooling systems and home batteries.
Read more »
Federal government pledges $180m to restore Hobart port for Antarctic research vessel NuyinaHobart's status as the gateway to Antarctica has been secured after the federal government agreed to fund a new home port for Australia's icebreaker, but the Tasmanian government will be on the hook for the cost of a refuelling solution — something which has been a problem of late.
Read more »
Federal Government to Crack Down on Unfair Trading PracticesThe Australian government will introduce reforms next year to end hidden fees and dynamic pricing, addressing consumer concerns about unfair business practices. Consumer groups have welcomed the move, citing examples of 'subscription traps,' 'dark patterns,' and discriminatory pricing.
Read more »