The move will see the Commonwealth buy out the remainder of the money owed to PAG, the Asian firm whose investment allowed Rex to launch capital city 737 flights in 2021.
In a statement on Monday, Airport Authority Hong Kong (AAHK) said Hong Kong International Airport will stay open, though there will be “significant disruption to flight operations” starting at 6pm local time on Tuesday.
Qantas Group released a statement on Wednesday morning, after Rex entered administration and dropped its jet operations, calling it a “challenging day for our industry”. Customers will have until 31 August to contact Qantas or Jetstar to rebook.