Regional Express Holding, the parent company of Rex Airlines went into voluntary administration on 30 July 2024 following a tumultuous few months of boardroom battles. The picture looked bleak with media reports over the weekend of turnaround specialists being brought in, share trading suspended on Monday, suspension of sales on some routes by Tuesday morning, and entering into administration on Tuesday evening. This is the second airline entering administration this year after Bonza’s collapse in April. However, Rex’s collapse is far more consequential due to its history, size and relative importance to regional and rural Australia. So what are the implications?