Originally Posted by
MickG0105
You have to wonder about the process and mindset that would lead the government to that decision. It is pretty clear that there is no commercial interest in Rex's regional operation, even at the sort of discounted purchase price expected when buying it out of administration. That should speak volumes.
Frankly, the notion that the government would see to it that PAG walks away from this debacle having been made whole on their investment while other creditors such as regional councils and local service providers are looking at cents on the dollar, is offensive to say the least.
If nothing else, moving regional aviation away from having one ostensibly too big to fail provider would have to deliver some benefit.
As always Mick, very succinctly put!