Regulator Takes Legal Action Against Rex Over Financial Disclosures

REX Boeing 737-800
Credit: amer ghazzal / Alamy Stock Photo
Australian financial regulators are suing bankrupt airline Rex and four of its directors due to allegations the carrier filed misleading financial updates to the stock market. The Australian Securities and Investments Commission (ASIC) has launched legal proceedings against Rex in the New South...
Adrian Schofield

Adrian is a senior air transport editor for Aviation Week, based in New Zealand. He covers commercial aviation in the Asia-Pacific region.

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