Embattled airline Rex Airways has received a multi-million dollar bailout from the federal government to keep its regional services running.

The federal government has pledged $80 million to support the regional airline’s operations and pay former workers.

The company entered voluntary administration in July after amassing debts of more than $500-million and grounding its fleet of Boeing 737s operating between major metropolitan centres. More than 600 workers were made redundant.

Transport Minister Catherine King says ticket sales will remain the same for customers, however, there’s no talk of the airline returning to Canberra anytime soon.

Its management was handed to administrators EY Australia, while Rex’s regional services continued as a buyer or financial lifeline was sought for the airline.

Rex administrators said earlier this year, a large number of potential buyers had already come forward.

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