A Rex Airlines plane is seen at Tullamarine Airport in Melbourne, Monday, March 1, 2021. Source: AAP Image/ Luis Ascui
The federal government is keeping an “hour by hour” watch on regional airline Rex amid rising concerns the carrier is in trouble.
Rex’s shares went into a trading halt on the Australian stock exchange on Monday following recent boardroom turbulence and multimillion-dollar earnings losses.
An announcement is expected by the opening of trade on Wednesday.
“In the meantime, it isn’t appropriate for us to make any further comments,” a Rex spokesperson told AAP.
The trading halt also came amid reports Rex had called in consultancy firm Deloitte to review the airline’s books. Deloitte referred media inquiries to Rex.
Asked about the developments, Transport Minister Catherine King said the government was in touch with the airline.
“Regional Australians rely on Rex,” she told Seven’s Sunrise program on Tuesday.
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