Australian regional carrier Rex Airlines announced that it has entered voluntary administration just weeks after its former chairman pushed to eject the company’s entire board after being voted out of his role.
The announcement was made on July 30, 2024 by accounting and consulting firm Ernst and Young Australia, which was appointed Joint and Several Voluntary Administrators by the Rex Group’s respective boards of directors.
“A voluntary administration is a process that companies undertake to restructure their operations,” Sam Freeman of Ernst and Young said in a video clip posted by Rex on social media platform X (formerly Twitter).
Freeman went on to say that Rex regional flights on the Saab 340 aircraft are currently unaffected and will continue to operate.
“The Rex Group has a long and proud history of servicing regional and remote communities…