Australia’s Third Largest Airline Enters Voluntary Administration

Australia’s third-largest airline has gone into voluntary administration and has cancelled flights on some of its routes.

Rex Airlines specialises in flying to dozens of smaller regional towns and cities across the country – many of which are not serviced by larger rivals Qantas and Virgin Australia.

Trading in Rex shares was halted earlier this week ahead of the announcement that Ernst & Young Australia has been appointed as administrator.

It comes just months after another Australian carrier – Bonza – went out of business in a turbulent domestic market.

Founded in 2002 after the collapse of Ansett, Rex flies in and out of around 56 airports.