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Australia's third largest airline Rex collapses with 600 jobs at risk — Workers have been told by administrators they will miss out on legal entitlements, despite the airline continuing to trade
The airline has cancelled all flights between major airports after halting its domestic 737 services, prompting Virgin and Qantas to offer free rebooking for Rex customers.
King argued the government’s failure to reform the allocation of landing and take-off slots at Sydney Airport was not the reason for Rex’s troubles, despite shadow minister Bridget McKenzie’s claims. Virgin Australia has moved to secure three leases over part of Rex’s Boeing 737-800 fleet, with chief executive Jayne Hrdlicka pointing to the collapse as indicative of the complex nature of the industry. Unlike Bonza, Rex owns the leases to its aircraft directly and received a $150 million injection from PAG Asia Capital to secure its Boeing 737 fleet and compete against Qantas and Virgin during COVID-19.
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