The Australian government has reached a deal with the administrator of Rex – Regional Express (ZL, Wagga Wagga) to take on AUD50 million Australian dollars (USD31.4 million) worth of debt owed to PAGAC Regulus Holding Pte Ltd (PAG).

In a January 23, 2025, Australian Stock Exchange filing, administrator Ernst & Young says it expected to complete the debt assignment on the same day. After that, the government will become Rex’s biggest secured creditor and a voting member of Rex’s Committee of Inspection. PAG will remain a minority secured…

Source: ch aviation
Read more: Australian gov't takes on Amn of Rex's debts