Competition in Australia’s aviation sector appears to be under threat with the (distant) number three player Regional Express Airlines (Rex) halting trading on the Australian Securities Exchange amid boardroom turmoil, less than a month after airline start-up Bonza was officially sent into liquidation.
Rex made a $3.2 million loss in the first half of the 2023-24 financial year amid its claims of serial price undercutting from Qantas and Virgin that is still receiving a free pass from the Australian Competition and Consumer Commission. News reports have suggested that the company is set to appoint Ernst & Young as administrators this week.
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