The Australian regional airline Rex cancelled flights as it entered voluntary administration Wednesday, leaving the fate of the country's third-largest carrier in serious doubt.
The decades-old airline has called in administrators from Ernst & Young in a bid to avoid liquidation.
Administrators said flights between major cities –- including Sydney, Perth and Melbourne—would be scrapped, but flights to regional communities would continue for now.
The regional airline, which started in 2002, has prioritized connecting remote areas of the country to capital cities with its 123 planes.
Like many airlines, Rex has struggled with supply chain challenges —including a global pilot shortage—for several months and reduced its routes before the announcement.
Subscribe our newsletter to stay updated
Thank you for subscribing!
Subscribe our newsletter to stay updated
Thank you for subscribing!
