Reported at www.abc.net.au: The federal government has intervened to rescue Rex Airlines by assuming $50 million in debt from its largest creditor to prevent the airline’s collapse and maintain essential regional air services across Australia.

The government’s commitment to supporting regional communities comes after Rex was placed into voluntary administration in mid-2024 due to failed capital city expansions.

The government is optimistic about recouping the debt and will assist the administrators in seeking a buyer for the airline.