Buyers Hover as Administrators Plot Course to Save Rex

Buyers Hover as Administrators Plot Course to Save Rex
A Rex Airlines Boeing 737 departs Tullamarine Airport in Melbourne, Australia, on July 29, 2024. William West/AFP via Getty Images
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A large number of potential buyers have expressed an interest in embattled regional airline Rex as administrators work to keep the embattled carrier flying while weighed down with $500 million (US$328.6 million) in debt.

Ernst & Young (EY) Australia has been appointed to chart a path forward for the five companies in the Rex Group since the airline called in the administrators and grounded its Boeing 737 fleet on major metropolitan routes.