Why is the Qantas share price having such a tough time today?
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The Qantas Airways Ltd (ASX: QAN) share price is down around 1% amid news that the Australian Government may step in to save Regional Express Holdings Ltd (ASX: REX) if necessary.
REX is currently in administration and is being managed by administrators who are going through a process of trying to find a saviour for the financially troubled airline.
The Australian Federal Government has already provided a loan of up to $80 million to keep REX’s regional routes operating until 30 June 2025 and acquired $50 million of debt from REX’s largest credit, PAGAC Regulus, earlier this year to ensure the airline could continue to operate.
What’s happening with Regional Express now?
The administrators are currently…
