PM Questions Rex’s Move From Regional to City Routes as Airline Future Uncertain

Published on July 30, 2024

Australian Prime Minister Anthony Albanese has expressed concern about Rex’s decision to move away from its regional model and adopt flights between Sydney and Melbourne. “Rex, as a regional airline, provides important links with regional communities, particularly between capital cities and regional communities. It is important for those local economies,” he told reporters. The comments come as the future of the Australia’s third-largest airline is up in the air following its request for an immediate trading halt on the ASX 200. The trading halt means shares can’t be traded in the company, and an announcement will be made on the stock exchange on July 31....

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