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Founded | 11 July 2002 (amalgamation) | ||||||
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Commenced operations | 2 August 2002 | ||||||
AOC # | CASA.AOC.0109 | ||||||
Operating bases | |||||||
Frequent-flyer program | Rex Flyer | ||||||
Fleet size | 58[1] | ||||||
Destinations | 56[2] | ||||||
Parent company | Regional Express Holdings | ||||||
Headquarters | Mascot, New South Wales, Australia | ||||||
Key people | Neville Howell (CEO)[3] | ||||||
Website | www |
Rex Airlines Pty Ltd is an Australian regional airline based in Mascot, New South Wales. It operates scheduled regional services using turboprop aircraft. Between 2021 and 2024, Rex also operated jet services between selected major Australian cities. In July 2024, it collapsed and was placed into voluntary administration.
It is the primary subsidiary of Regional Express Holdings, itself predominantly foreign-owned by Singaporean businessman Lim Kim Hai and Hong Kong investment firm PAG.[4] Rex is Australia's second-largest regional airline by number of regional destinations, serving 45 regional destinations, behind QantasLink, who serve 55 regional destinations across Australia.[5][6]
On the night of 30 July 2024, the airline ceased all bookings for domestic jet service routes to capital cities and fell into voluntary administration, appointing joint administrators from Ernst & Young. It came one day after Rex stopped trading on the Australian Securities Exchange (ASX), amid fears the airline could halt all operations. Rex continues to operate some regional services, which are being funded by PAG Asia[7] and Queensland government[citation needed], despite its administration.
In September 2024, two months after the commencement of the administration, it was revealed that no buyer is currently found, with fears for the company to be collapsing or broken up.[8][9] It did, however, previously get an extension from the Federal Court of Australia to further facilitate the sale process.[10]
In November 2024, the company got another extension of the administration and received funding from the government to keep afloat.[11] It also had previously started stripping a few subsidiaries, such as Pel-Air to Toll Group.
The company is currently in the midst of a lawsuit by the corporate watchdog over misleading and deceptive conduct of its ex-directors, alleging the members mislead the market on its financial position during FY22.
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