# Rex Airlines Directors Cleared by Court | Sydney News

Page: https://stenobird.com/podcast/sydney-news-today-2-min-news-the-daily-news-now-7568669/rex-airlines-directors-cleared-by-court-sydney-news
Text version: https://stenobird.com/podcast/sydney-news-today-2-min-news-the-daily-news-now-7568669/rex-airlines-directors-cleared-by-court-sydney-news.md
Podcast: [Sydney News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/sydney-news-today-2-min-news-the-daily-news-now-7568669)
Published: 2026-06-30T07:03:07+00:00
Episode link: https://api.fastcast.ai/audio/35f40d1b-a7f4-4cfc-96ca-236ad825c42d.mp3
Audio file: https://api.fastcast.ai/audio/35f40d1b-a7f4-4cfc-96ca-236ad825c42d.mp3
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Duration seconds: 97

## Resource

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: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/0fdf69c4b0eaf4a9

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