Link would need a capital raise and extremely unlikely any major lender would assist, they would need to lean on Bain or Canberra to borrow. That doesn’t really solve the medium term Saab issue, from all reports, Link hasn’t invested much in the way of fleet longevity either.
Perhaps it might be easier for Canberra to just bite their teeth, do a fare subsidy deal with QLink, and get Qantas to take on the capacity.
A whole bunch of Rex routes outside of NSW can be offloaded to others.