Reading view

Australian Government Steps In with Five Million Dollars to Aid Regional Airports After Rex Airlines Voluntary Administration

Australian Government Steps In with Five Million Dollars to Aid Regional Airports After Rex Airlines Voluntary Administration
Australian Government supports for airports Rex Airlines

The ongoing voluntary administration of Rex Airlines has cast a financial shadow over regional and remote airports, which are critical in ensuring connectivity and business activity across Australia’s more remote regions. In response to this pressing issue, the Australian Government has introduced the Regional and Remote Airport Support Program, which provides up to $5 million in funding. This initiative is designed to help mitigate the financial strain that has been exacerbated by the airline’s troubles, ensuring that essential airport services remain intact and unaffected for the benefit of both local residents and businesses.

The Financial Struggles of Regional Airports

Regional airports are not only vital for transporting people but also serve as hubs for cargo and freight, ensuring that goods and supplies are delivered to remote areas of Australia. For many of these regions, local airports are the only means of connecting with major cities and interstate destinations. However, the profitability of regional air routes is marginal, which means that when airlines like Rex face financial challenges, it impacts not only the airline but also the surrounding communities, the jobs tied to these airports, and the service levels that passengers and businesses rely on.

As Rex Airlines entered voluntary administration, regional airports found themselves unable to recover unpaid claims, further deepening the financial crisis. The Regional and Remote Airport Support Program provides relief to airport operators, helping them address these claims and protect against disruptions to vital services. The goal of the funding is to ensure that these airports continue to operate smoothly, reducing the risk of cuts to services that keep both business and passenger flows intact.

The Importance of Regional Airports for Airline Travel and Employment

Regional and remote airports play a pivotal role in ensuring that tourism, business, and essential services are accessible to Australians across the country. These airports are often major employers, with many workers in roles such as ground crew, air traffic controllers, security personnel, and hospitality staff. The financial stability of these airports is directly tied to the livelihood of many locals, and without timely support, these essential services could face operational cutbacks or even closure.

The Regional and Remote Airport Support Program aims to help airport operators maintain service levels, ensuring the continuity of flight operations, particularly for regional air travel, which is essential for the day-to-day functioning of remote businesses. By providing financial support, the government ensures that airports can weather the financial challenges and keep operations running smoothly while Rex Airlines navigates its ongoing difficulties.

How the Program Works and Who Can Apply

The Regional and Remote Airport Support Program is designed to provide debt relief to operators impacted by Rex Airlines’ administration. With up to $5 million available, the funding will help regional airports recover from the financial losses caused by unpaid claims and keep critical flight operations intact.

Importantly, the program is not tied to the acquisition of Rex Airlines by AirT, which is a separate initiative. This funding program specifically targets the immediate needs of regional airports to maintain smooth operations and ensure ongoing connectivity, making it distinct from the restructuring of Rex Airlines itself.

Application Process and Deadlines

All eligible regional and remote airports are invited to apply for funding through the program. The Australian Government has set the deadline for applications to 17 March 2026 at 5:00 PM (AEDT). Airport operators are strongly encouraged to submit applications as soon as possible to ensure that they receive the support they need to recover from any financial challenges and continue serving their communities and passengers.

The quick processing of applications will be prioritized to ensure that airport operators can access the necessary funds in a timely manner, preventing any interruptions to flight schedules or airport services. Airline operations and tourism travel depend heavily on the continuity of these airports, and the government’s initiative aims to minimize disruptions to both.

The Path Forward for Regional Airports in Airline Travel

The Regional and Remote Airport Support Program is a crucial step in supporting the viability of regional airports and ensuring that local airline operations continue to thrive despite the challenges faced by smaller carriers like Rex Airlines. The funding is vital in helping airports stay open, offering uninterrupted service, and maintaining the links between remote communities and major cities.

For many regional airports, this program represents a lifeline—offering financial relief that allows them to recover from the current crisis while continuing to serve as essential parts of Australia’s airline network. These airports are integral to maintaining a seamless flow of domestic flights and are vital for supporting tourism and regional economic activity.

As the airline industry grapples with financial difficulties and challenges caused by voluntary administrations and acquisitions, the Australian Government’s investment in regional airports signals its commitment to ensuring that local tourism and businesses remain supported, and air travel to and from regional areas remains available and reliable.

The Bigger Picture for Regional Air Travel

The Regional and Remote Airport Support Program not only helps mitigate the immediate impacts of Rex Airlines’ financial troubles but also reinforces the long-term stability of regional air travel across Australia. By protecting these vital connections, the Australian Government ensures that the regional air travel market can continue to support both tourism and businesses across the country.

This program is also a signal that the Australian Government recognizes the significant role regional airports play in national connectivity and is committed to investing in the future of regional travel. As the country moves forward in its recovery and growth, ensuring that these airports remain operational and sustainable is crucial for the success of both the aviation sector and the broader regional economies.

The post Australian Government Steps In with Five Million Dollars to Aid Regional Airports After Rex Airlines Voluntary Administration appeared first on Travel And Tour World.

DDR5 RAM pricing begins to stabilize in Germany, January saw only a 0.1% increase — Some kits even saw price cuts as volatility begins to plateau

German retailers' inventory saw DDR5 memory prices stabilizing for the first time in months, with some kits even miraculously seeing price cuts compared to the start of January. This doesn't indicate that the crisis is over, or even that there will be no more price hikes, but rather that the unpredictability is finally starting to wither.

AMD Radeon “Gaming” GPUs To Incur Another Price Bump This Quarter, Report States Pricing Is Expected To Reach Similar Levels As NVIDIA

AMD Radeon "Gaming" GPUs To Incur Another Price Bump This Quarter, Report States Pricing Is Expected To Reach Similar Levels As NVIDIA 1

AMD's partners are reportedly preparing a fresh new wave of price bumps for Radeon GPUs that are expected to go live this quarter. AMD Radeon GPUs Are Going To Become More Expensive This Quarter As DRAM Supply Constraints Continue As per a new report published by Board Channels, it looks like AMD partners are preparing a second wave of price bumps on Radeon GPUs. The price bumps follow the original wave, which affected both AMD and NVIDIA GPUs, with up to $40 hikes (based on memory configurations). Once again, the price bump is due to the ever-rising memory prices and […]

Read full article at https://wccftech.com/amd-radeon-gaming-gpus-getting-another-price-bump-this-quarter/

Savvy Games and NEOM to boost Saudi gaming startups

Savvy Games Group and NEOM came together to streamline the journey of Saudi gaming startups from incubation to acceleration. This joint initiative aims to strengthen the Kingdom’s end-to-end gaming ecosystem and advance the goals of the National Gaming and Esports Strategy under Saudi Vision 2030.

Together, both Savvy’s Nine66 Incubator Program and NEOM’s ‘Level Up’ Accelerator ensure that startups graduating from Savvy’s Incubator have the training, resources and support required to progress efficiently into NEOM’s Accelerator. This Savvy-NEOM collaboration builds upon the rapid evolution of both programs and shall ultimately support a stronger pipeline of investable gaming studios.

Savvy’s Nine66 Incubator Program has helped early-stage studios validate prototypes, build foundational capabilities, and prepare for investor engagement. Through this initiative, Savvy aims to help startups achieve readiness to move into the subsequent stages of development and scaling.

NEOM’s Level Up Accelerator provides funding and mentorship to scale incubated studios into self-sustaining businesses. Since 2023, it has grown into a multiphase platform supporting more than 45 Saudi startups, deploying 15 investments, and achieving a 100% survival rate within its portfolio – outperforming many global benchmarks. With 17 international partners offering publishing and support, Level Up has enabled more than 170 jobs and facilitated a historic milestone: the Kingdom’s first international publishing deal for a domestic gaming start-up – signed between Fahy Studio and UK-based publisher Kwalee.

Amr Sager, Group Chief of Staff at Savvy Games Group, said: “As the games industry continues to grow at a rapid pace in Saudi Arabia, there is an increasing number of programs and initiatives designed to help emerging studios and entrepreneurs to build, run, and scale their businesses. This momentum is encouraging, and the next step would be to create stronger synergy and alignment across these efforts, so that the journey is smoother and clearer for startups to identify and source the support they need. This is what our partnership with NEOM is really about, and we look forward to working with the team to continue empowering Saudi studios and game makers.”

Toby Evan-Jones, Executive Director and Head of Gaming at NEOM, said: “NEOM Gaming is proud to play a role in nurturing the Kingdom’s gaming ecosystem, in line with the National Gaming and Esports Strategy. From sparking interest within high schools, to investing into young gaming studios via the Level Up accelerator, it’s immensely satisfying to see the green shoots of a viable self-sustaining industry appear. We share a joint view, with Savvy Games Group, that increasing coordination around the startup journey shall benefit all parties, not least the young game makers which we support. We couldn’t be more excited about this alignment.”

The respective program websites are below for further information:
Savvy Nine66 Incubator: www.savvyacademy.sa/savvy-incubator-program/
NEOM Level Up Accelerator: www.neomlevelup.game

The post Savvy Games and NEOM to boost Saudi gaming startups appeared first on My Startup World - Everything About the World of Startups!.

NEP calls on Emirati AI experts to join its AI track

The National Experts Program has called on Emirati professionals working in the field of artificial intelligence to join its new Artificial Intelligence track (NEP-AI), with applications scheduled to open on 29 January 2026.

Building on the success of NEP since 2019, NEP-AI is a specialized track of the program, focusing on the nation’s strategic AI priorities with the goal of developing a national cadre of AI leaders.

NEP-AI was launched under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, during the graduation of NEP Cohorts 2.0 and 3.0 in October 2025. The first cohort of NEP-AI is scheduled to begin in May 2026.

NEP-AI is developed in alignment with the UAE National Strategy for Artificial Intelligence 2031 and contributes directly to its vision of positioning the UAE among the world’s leading nations in AI.

NEP-AI participants are selected based on strong academic, professional, and leadership credentials, as well the ability to translate knowledge and expertise into tangible, practical impact across national sectors.

The program spans 25 priority sectors across the national economy, including six core tracks: AI Infrastructure and Hardware, AI Models and Application, AI Productization and Entrepreneurship, Sovereign AI and National Capability, Human–AI Leadership and Foresight, and Applied AI Domains.

NEP-AI is designed to translate national AI strategy into execution. The program places strong emphasis on human capital, governance, ethics, data readiness, and responsible AI deployment, ensuring that participants move beyond theory to delivery.

Participants will work on developing initiatives and projects linked to their respective sectors, addressing multiple institutional and national challenges and enhancing measurable impact. Each participant will present a capstone project connected to their organisation or sector, aimed at achieving scientific solutions with tangible and sustainable impact.

Participants are also supported by a network of NEP-AI mentors, in addition to leveraging global expertise to enhance local capabilities by combining UAE-based centres of excellence with leading international institutions, alongside international study visits aligned with participants’ AI specialization tracks.

 

The post NEP calls on Emirati AI experts to join its AI track appeared first on My Startup World - Everything About the World of Startups!.

❌