Rex has stopped taking some bookings. Where to next for the embattled regional airline?

The carrier's shares are suspended and Bloomberg reports Ernst & Young are set to be appointed as administrators

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There is uncertainty about the future of Rex - Australia's third-largest airline - with speculation regarding its financial situation and tension among the leadership team.

The Albanese government held crisis talks with Rex on Tuesday and appeared willing to step in to save parts of the airline's operations. Bloomberg reported that the carrier was about to appoint EY - formerly known as Ernst & Young - as administrators, citing people familiar with the matter.

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