More Time to Win Buyers for Made-Over ‘Rex 2.0’ Airline

More Time to Win Buyers for Made-Over ‘Rex 2.0’ Airline
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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Regional carrier Rex will get an overhaul after its administrators won more time to entice a buyer despite a four-month search failing to find a long-term lifeline for the struggling airline.

Administrators were appointed to five companies in the Rex group in July as the business sunk into about $500 million (US$321 million) in debt.