Episode
Rex Airlines Directors Cleared by Court | Sydney News
- Published
- Jun 30, 2026
- Duration seconds
- 97
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Summary
ASIC’s crackdown on Rex Airlines’ former leadership fizzled in court, as Justice Ashley Black ruled there wasn’t enough evidence to prove John Sharp and two other directors knowingly misled shareholders with false profit forecasts in 2023. While the company itself was found guilty of misleading the market — boasting financial health in February only to admit massive losses by June — the top execs walked free. Rex Airlines, now under U.S.-based AirT, continues flying regional routes despite its administration and heavy debt. Sharp called the ruling a vindication, highlighting a complex case where corporate accountability met legal ambiguity. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/0fdf69c4b0eaf4a9