Showing posts with label EY Australia. Show all posts
Showing posts with label EY Australia. Show all posts

Friday, September 6, 2024

Rex Administrator Halts Sale of Four Active Aircraft



 In an unexpected turn of events, Rex’s administrator has cancelled plans to sell four active aircraft, shedding light on the airline's ongoing challenges. This exclusive report from Australian Aviation reveals details surrounding the attempted sale and the future of these crucial regional planes.

 Regional Express (Rex), one of Australia’s leading regional carriers, had listed four Saab 340B aircraft for sale. These planes, which regularly serviced key regional routes, remained operational despite Rex experiencing disruptions in services earlier this year due to shortages in parts and labour.

The four aircraft in question—registered as VH-RXE (pictured above), VH-ZLX, VH-ZJS, and VH-ZRH—were all advertised through global aviation firm C&L. However, after EY Australia took over as the airline’s administrator, the sales process was halted. All four aircraft have been flown multiple times in recent weeks, further emphasising their operational importance.


 While the aircraft are now off the market, Rex's future remains uncertain as the airline navigates its current financial difficulties. With essential aircraft like the Saab 340Bs playing a critical role in regional connectivity, the decision to cancel the sale raises questions about the company’s long-term strategy.

Rex’s decision to retain these active planes may offer a glimpse of hope for regional passengers who rely on the carrier’s services. However, the airline’s broader challenges persist as it works through its administration process.

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