The Australian has reported Sam Freeman, a partner at administrator EY Australia, saying Rex’s 737 fleet is “permanently grounded” and that EY is looking to present sale options to creditors within 25 working days. Asian investor PAG is believed to be in the mix.
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On March 21st, 2022, a China Eastern Boeing 737-800 crashed flying from Kunming to Guangzhou. Flight MU 5735, a domestic service operated by a Boeing 737-800, had 132 people on board when it rapidly descended into a mountainous region of China. Now, it seems like Chinese authorities are keeping the incident details from going public, citing national security reasons.