Regional Express has guaranteed at least one return flight per week will operate out of Albury over the next six months and has applied to the federal government to increase that to two.
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The company signed an agreement with the federal government on Monday, which will guarantee funding under the COVID-19 regional airline network support program.
The government released revised guidelines last week that will increase the number of funded services to some locations.
Rex applied for Albury to have two guaranteed return services, rather than one.
Rex deputy chairman John Sharp, a former Coalition MP, said regional communities owed the federal government a debt of gratitude.
"Without this intervention, many smaller regional communities would risk not having any air services at all for at least six months," he said.
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"Never before has regional Australia been faced with such a massive and sudden threat.
"Regional Australia is very fortunate to have a government which places the highest national priority in ensuring the regional socio-economic fabric is not permanently destroyed by this national emergency."
He said without the funding, all independent airline carriers could have collapsed within days.
The news comes as Virgin Australia confirmed on Tuesday it has gone into voluntary administration.
Virgin has not had planes fly out of Albury since April 8.
"By funding a barebones schedule for the next six months, the federal government has given all regional airlines a fighting chance to see through this pandemic," Mr Sharp said.
"With the Commonwealth assistance packages for regional carriers in place, we are confident that we will be able to help all regional cities who are willing to work in partnership with us to rebuild their regional air services to their full potential over the next two years.
"Rex will stand by all the regional communities that have stood by Rex during this global and national crisis."
There has been more than the minimum of one return flight out of Albury each week, but the schedule has been varied.
Three Rex flight left Albury on Monday, none over the weekend, two on Friday, and none on Wednesday and Thursday of last week.
Travellers will have their temperature measured at check-in counters across the airline's 55 destinations.
Rex national airport manager David Brooksby said the new system was a precautionary measure to help stop the spread of coronavirus.
"Any passengers recording a temperature outside a healthy range will be denied boarding," he said.
"Rex staff commencing duty will also have their temperature tested at sign-on."