Rex in Crisis
A Rex Airlines check-in counter at Sydney Airport on July 30, 2024.
Photographer: Brent Lewin/BloombergHello, it's Harry here in Sydney. Here’s the news you need to start your day.
Today’s must-reads:
• Rex enters voluntary administration
• BHP and Canva deals
• Rio earnings
Rex has entered into voluntary administration, the second domestic airline to fail this year in a market dominated by Qantas. Regional Express Holdings Ltd., as Rex is formally known, has appointed Ernst & Young as administrators. Domestic flights on Rex’s fleet of Boeing 737 jets have been canceled, while regional flights operated using Saab 340 aircraft are unaffected.