Rex Airlines Nears Financial Ruin
"Rex Airlines faces financial turmoil, losing $1M weekly after expanding into major routes. Awaiting EY's fiscal report on possible restructuring."
July 30, 2024
Simon Rowles
Founder, CEO
Rex Airlines is on the brink of financial collapse, losing a million dollars a week on its ambitious expansion into major city routes. Directors await a report from EY on restructuring or administration. Rex had recently launched a Frequent Flyer program. Its collapse follows that of Bonza earlier this year.
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