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The government will pay PAG Asia Capital $50 million to become the main creditor in Rex. Kate Geraghty The Australian Financial Review first revealed that the government was set to replace the ...

“It’s a welcome move for the government to step in. We need REX on all levels. We need it from a regional servicing perspective, but we also need another successful aviation business,” Long ...

In doing so, the government will become the airline’s principal secured creditor, acquiring the debt from Rex’s largest creditor, AGAC Regulus Holdings Limited. In a joint statement ...