iscover
The application, which had been filed by apparent creditor Wealth Creation, was on Wednesday dismissed with the consent of both parties, with no orders made as to costs. It comes after Australian Aviation exclusively reported on the application earlier this month.
Transport Minister Catherine King argued creditor PAG could have collapsed the airline “at any stage” and insisted the purchase was also necessary to make a second attempt to find a buyer.
The move will see the Commonwealth buy out the remainder of the money owed to PAG, the Asian firm whose investment allowed Rex to launch capital city 737 flights in 2021.
Last month, 75.1 per cent of Virgin and VARA services arrived on time and 74.4 per cent departed on time, compared to 73.7 per cent and 73.1 per cent respectively for Qantas and QantasLink. Virgin also had the lowest cancellation rate of any airline at 0.6 per cent, according to BITRE data.
The airline has applied to the International Air Services Commission (IASC) to grant it 28 flights per week between Australia and Qatar using wet-leased 777-300ER aircraft from Qatar Airways, with tickets already on sale after receiving interim approval from the ACCC last year.
The changes, to be rolled out over the next 12 months, will see up to 1 million more Classic Reward seats go on sale through the Flying Kangaroo’s international partner airlines. They come after last year’s introduction of “Classic Plus” made more reward seats available.
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