The voluntary administrators for Regional Express Holdings Limited (Administrators Appointed) (Rex) will today announce their intention to apply to the Federal Court of Australia to extend the convening period of the voluntary administration to December 2025.
The sale process is progressing positively, with the administrators having narrowed the bidding field, and this would allow the administrators additional time to secure a market-led solution. The decision to grant an extension is a matter for the Federal Court.
If approved, the Albanese Government will continue to assist regional communities in maintaining access to critical aviation during this time by extending the ticket guarantee on regional routes. The existing loan of up to $80 million provided to the administrators - which is yet to be fully expended - would remain available to ensure the airline can continue to operate.
In order to support the extension, if an application is granted by the Federal Court, additional financing of up to $30 million from the Australian Government to the administrators will also be made available should it be required to keep regional routes in the air until December.
