Ex-transport minister, directors allegedly kept market in the dark about airline’s dire straits
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Source: The Age
Published: 2026-05-18 14:53 UTC+10:00
Section: Business / Companies
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Crime & Justice, Transport, Economy & Finance, Financial Markets, Law & Courts, Business & Economy, Crime & Justice
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Snippet:
Rex Airlines directors, including a former federal transport minister, knew the failed airline was publishing an “unreasonable and unsupportable” profit forecast before reversing course and revealing a $35 million loss in 2023, lawyers for the corporate regulator told a court on Monday.
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