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The Latest Breaking News from Rex

Top 4 Energy Stocks That May Rocket Higher In Q3

The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.

Benzinga

Rex offered more federal funds to support court bid

The Albanese government is offering another lifeline to Rex's administrators to support them in their court bid, but has made key demands in return.

AAP

Politics can destroy relationships – just ask Sarah Vine and Michael Gove

In her memoir, Vine pins the downfall of her marriage on Brexit. But the finer details tell a story we might all be familiar with, says Guardian columnist Emma Brockes

The Guardian - UK

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“Well suited for everything from bluesy porch pickin’ to speakeasy swingin’”: Gretsch drops two limited edition Jim Dandy parlour and concert acoustics with solid spruce tops and off-the-charts vintage mojo

They're small-bodied, budget-friendly, inspired by ye olde Rex catalogue pre-War models... Get 'em while they're hot, people

MusicRadar

Australia’s smaller airports rife with vulnerabilities, former Qantas security head says, after alleged gunman boarded Jetstar flight

Much of the security is on the passenger side of the terminal, Geoff Askew says, not on the tarmac

The Guardian - AU

‘World’s hottest brand’: how Miu Miu defied sales plunge in fashion industry

As luxury firms struggle worldwide, the ‘knowingly cool’ label is posting record-breaking sales figures

The Guardian - UK

The Virgin-Qatar deal is welcome but it’s not the magic bullet Australian aviation needs

At a time when money can clearly be made domestically and passengers are paying more, this tie-up won’t fix competition woes

The Guardian - AU

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Taxpayers take risk on Rex if ailing airline can't sell

Experts are questioning why taxpayers should be placed on the hook for bailing out Rex through a government takeover if buyers are unwilling to take the risk.

AAP

Politics with Michelle Grattan: David Littleproud on US tariffs, a government-owned Rex, and the Nationals’ identity

With the election only months away, the Labor government finds itself suddenly battling with the Trump administration for an exemption from new US tariffs on steel and aluminium.

The Conversation

'Governments shouldn't own airlines': Rex rescue panned

A possible government takeover of failed airline Rex has come under fire, with the sector declaring a taxpayer lifeline would create an uneven playing field.

AAP

Rex may become state-owned carrier after buyer fails to emerge

Albanese government facing prospect of stepping in to buy and operate regional airline

The Guardian - AU

Albanese government looking to acquire Rex Airlines if buyer can’t be found

The Albanese government will on Wednesday announce it is willing, as a last resort, to purchase the collapsed Rex Airlines, in its latest bid to prop up aviation services to regional and remote areas.

The Conversation

Aviation 'crisis' - bulk injuries for airport workers

A union says the aviation industry is at breaking point, with a survey of workers revealing a sector in crisis, with unsafe conditions after years of upheaval.

AAP

Lift-off for new Rex sale after $50m taxpayer lifeline

Taxpayers will fork out a $50 million debt lifeline to Rex, with the federal government stepping in for a second bid to sell the embattled airline.

AAP

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International Business Times

A Memecoin Revolution: Florida ETP Firm REX Shares Files For $TRUMP, $DOGE, $BONK ETFs

A Florida ETP provider has filed for $TRUMP, $DOGE, and $BONK ETFs, seeking to be the first issuer of memecoin ETFs in the United States – the filings were submitted just a day after Gary Genser left his Chair position at the SEC.

The Guardian - AU

Soaring air fares between Melbourne and Sydney see travellers take 11-hour train

Exclusive: Seats on Sydney-Melbourne train service regularly sell out over holiday period, as one-way flights to Tullamarine average almost $500

AAP

Rex directors face grounding for silence over $35m hole

Four Rex directors failed to disclose the troubled airline's financial position after expressing optimism for future profits, the corporate regulator alleges.

AAP

More time to win buyers for made-over 'Rex 2.0' airline

Moves to make regional airline Rex more commercially desirable have been flagged as administrators struggle to find a buyer to keep the company afloat.

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news in one place.

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The Canberra Times

Report finds just how much airfares spiked since end of Rex. One route doubled

Prices for many Canberra flights have risen since Rex's exit.

The Conversation

Predictably, domestic airfares surged after the collapse of Rex. There aren’t many good solutions

Australia’s airline industry is famously duopolistic. Just two companies – Qantas and Virgin Australia – service 98% of the domestic passenger market. That’s not for a lack of other companies having tried to secure a foothold, over many decades.

The Guardian - AU

Cheapest economy airfares more than doubled on some routes after collapse of Rex flights

ACCC says ticket price spike corresponds with concentration of sector and warns ‘it may be some time before a new airline emerges to compete’

AAP

'It's a lifeline': relief as government hands Rex $80m

The federal government will provide up to $80 million to keep Rex regional routes operating, a relief for rural communities fearing for their future prosperity.

AAP

Rex airs bid to sell ambulance flights firm to cut debt

The $47 million sale of a Rex-owned business that provides ambulance services to Australia's two most populous states hinges on approval from regulators

AAP

Crackdown on landing slots to have airport flying high

New powers are in the pipeline designed to crack down on the major airlines hoarding slots and freezing out the competition at Sydney Airport.

AAP

Outgoing Virgin CEO plays down Qatar stake speculation

Virgin Australia CEO Jayne Hrdlicka has played down reports Qatar Airways is seeking to acquire a 20 per cent stake in the nation's second-biggest airline.

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