The financial struggles of some regional airlines in New Zealand have spurred a new round of debate about the need for government support for this sector.
Canberra has issued a new commitment of support for Rex, saying government acquisition of the carrier is a contingency option if buyers cannot be found.
Australian financial regulators are suing bankrupt airline Rex and four of its directors alleging the carrier filed misleading stock market financial updates.
Australian airline Rex has entered voluntary administration, and the carrier’s narrowbody jet unit appears likely to be a casualty of its restructuring.
Rex has signaled it is preparing a major announcement, as speculation grows it may make significant changes in an attempt to improve its financial position.
After getting approvals to ramp up flying into Australia, Turkish Airlines has held talks with Australian domestic carrier Rex about forming a new partnership.
