Regional Express airline prepares $12 million in executive bonus shares after COVID-19 bailout

Rex Martinich
August 7 2021 - 12:30pm
Regional Express deputy chairman John Sharp, then Transport Minister and Deputy PM, Riverina MP Michael McCormack and Regional Express executive chairman Lim Kim Hai at an hotel event in Sydney in 2018. The airline has prepared $12 million in shares as executive bonuses less than a year after Mr McCormack oversaw $62 million in aid for the business. Picture: The Branksome Hotel & Residences
Regional Express deputy chairman John Sharp, then Transport Minister and Deputy PM, Riverina MP Michael McCormack and Regional Express executive chairman Lim Kim Hai at an hotel event in Sydney in 2018. The airline has prepared $12 million in shares as executive bonuses less than a year after Mr McCormack oversaw $62 million in aid for the business. Picture: The Branksome Hotel & Residences

The Regional Express airline has set aside company shares worth more than $12 million to pay bonuses to its executives less than a year after the company was rescued with $62 million in taxpayer aid.

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Rex Martinich

Rex Martinich

Journalist

Journalist for the Daily Advertiser in Wagga Wagga covering politics and data. Mobile: 0437 853 137 Email: rex.martinich@dailyadvertiser.com.au

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