Labor has handed Regional Express an $80 million lifeline despite rebuffing offers from smaller carriers to take over the collapsed company’s routes, and after administrators rejected bids to acquire the airline’s operations.
The funding from the federal government came on the same day as competition regulators said airfares had spiked since the collapse of Regional Express, better known as Rex, in July.
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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
