Rex Airlines in a 'grim situation'

The Australian\'s aviation writer Robyn Ironside says Regional Express Airlines is in a “grim situation” after entering a trading halt amid boardroom restructuring claims. “The reason for the trading halt is that they’re awaiting a report from EY which has been running a ruler over their books,” Ms Ironside told Sky News Business Editor Ross Greenwood. “They expect that report will provide information on whether they can restructure the business so that it can continue or whether administrators need to be appointed. “So, it’s a pretty grim situation for Rex, unfortunately.”