Embattled regional airline Rex will go up for sale again, as a debt lifeline paves the way for a second crack at finding a new owner. The federal government will acquire $50 million of debt from Rex's largest creditor, to stop a debt firm putting the carrier into liquidation and comprising critical regional travel services. This video includes ACM-produced voiceover powered by AI.
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00:00Embattled regional airline Rex will go up for sale again as a debt lifeline paves the
00:07way for a second crack at finding a new owner.
00:10The Federal Government will acquire $50 million of debt from Rex's largest creditor to stop
00:15a debt firm putting the carrier into liquidation and compromising critical regional travel
00:20services.
00:22The Australian Government will acquire the $50 million of debt from Rex's largest creditor
00:31PAG Holdings.
00:32That is necessary in order to make sure that we don't have any adverse outcomes for regional
00:38communities.
00:51For more UN videos visit www.un.org