Albanese Government Plans Acquisition of Rex Airlines

The Albanese government is considering acquiring Rex Airlines if no private buyer emerges, as the airline struggles under a $500 million debt and remains in administration. Despite efforts to find a buyer, the government has become the largest creditor after purchasing $50 million of Rex's debt. The government aims to ensure continued regional and remote air services, critical for many Australians, and has extended exemptions for Rex's use of Sydney Airport slots. The acquisition would mark the first state ownership of an Australian airline since Qantas's privatisation. The government is in talks with shortlisted bidders, emphasizing the need for a reasonable service level, good governance, and value for taxpayers. Prime Minister Anthony Albanese and his government are committed to supporting regional Australians, highlighting the political sensitivity of the issue ahead of upcoming elections.