Large number of buyers interested in Rex despite $500m debt
by Australian Associated Press from World news | The Guardian on (#6PVG2)
As private investors circle, Transport Workers Union urges federal government to take equity stake in airline to secure at-risk jobs and shore up routes
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A large number of potential buyers have expressed an interest in regional airline Rex as administrators work to keep the embattled carrier flying while weighed down with $500m in debt.
EY Australia has been appointed to chart a path forward for the five companies in the Rex Group since the airline called in the administrators and grounded its Boeing 737 fleet on major metropolitan routes.
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