The Australian government is stepping up its financial support for troubled regional carrier REX Airlines. 

On January 23, 2025, it became known that the Australian administration is allocating A$50 million (around US$31.3 / €30.1 million) to purchase guaranteed debt from the airline’s largest creditor, PAGAC Regulus Holdings (PAG), a private equity firm. As a result, the Australian government will become the carrier’s largest creditor and will seek a voting spot on the airline’s Committee of Inspection.  

With this move, REX will receive some financial breathing room, which should allow it to continue its regional operations while continuing to look for new investors.  

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