Originally Posted by
MickG0105
The original
press release from 15 August 2024 referred specifically to the guarantee applying during the Administration process.
There doesn't appear to be anything further from the government on the guarantee since the Air T bid was voted up at the second meeting of creditors back in November.
Yeah, I haven’t been able to find anything else either.
Considering the severe damage the current management did to the Regional part of the business, the loss of the monopolies that followed, and a lack of on carriage alliances, it will be interesting to see the load factors going forward.
Mind you, now that Rex is no longer a public company, just how much transparency there will be in that area remains to be seen.