The competition regulator’s latest report on the sector said that the smaller airline’s decision to shrink its network “may mean” prices would rise, despite Rex only holding a 5 per cent market share.
Counsel James Hutton SC, acting for administrator Hall Chadwick, also said there is “still a degree of uncertainty” as to whether the carrier can meet existing contractual obligations and added it had “not had time to fully investigate” the termination…
