The Deputy Prime Minister, Warren Truss, has just given Rex a huge vote of confidence. In conversation with John Laws, he said that Rex has done 'extremely well', and is one of the most profitable airlines in the world.
Not news to those of us who follow closely, but will be to thousands of people.
Unfortunately for customers of Brindabella who have been left high and dry, red tape has prevented offers from Rex and Qantas to mount rescue flights.
A lot of country people rely on their air service to make return trips for medical treatment. Qantas and Rex are ready to fly to the abandoned towns but have been told they must negotiate with Korda Mentha, the receivers.
REX Price at posting:
88.0¢ Sentiment: Hold Disclosure: Not Held