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Good morning,

The sale of collapsed airline Rex is progressing but administrators need another six months, and the government will provide a further $30m in support to help out, says Transport Minister Catherine King. 

Meanwhile, in the latest "Oscars for the aviation industry" - the annual Skytrax awards - Qantas' reputation has shown significant improvement according to travellers. Which airline was crowned the world's best?

And, The Australian can reveal billionaire Alex Waislitz and his partner, Rebecca Behbahani, were arrested by police for suspected criminal damage but released without charge, over a bitter dispute involving Ms Behbahani's sister.

Vesna Poljak
Business editor
The markets


Making news this morning
1
Narrabri is ADNOC’s trump card in $30bn Santos acquisition dream
Shares in Santos are trading well below the bid price indicating concern Australia could reject the bid. Narrabri is ADNOC’s trump card.
2
Lowy firm wins US backing for big ticket Melbourne shopping centre buy
Retail property is coming back in a big way and the most famed investors in the sector are leading the charge.
3
Canva to acquire AI start-up MagicBrief
The latest local acquisition by design-at-scale unicorn Canva aims to beef up its products for the lucrative enterprise market.
Editor's picks
MARGIN CALL
It’s bad news Bears, Perth’s NRL overlords are all east coasters
Who will really be calling the shots when it comes to the new Perth Bears rugby league franchise? Hint: they live on the opposite side of Australia.
By NICK EVANS
Commentary
Will the Virgin Australia IPO happen just in time?
By TANSY HARCOURT
Senior reporter
Virgin will float in exactly one week, but for a market that’s heard it all before, it may as well be cursed. First the tragic Air India crash, then fears of war in the Middle East...
DataRoom
Pepper Money being shopped around but high price a turn-off
Interest rate cuts have prompted bankers for KKR to again seek prospective buyers for non-bank lender Pepper Money.
Single-asset miners beware: you’re probably a takeover target
Private equity firm Kinterra’s play highlights the vulnerability of single-asset mining companies, as the market bets on continued consolidation through gold, copper and battery minerals sectors.
Tourism Holdings likely to reject BGH Capital’s $470m takeover bid
Analysts believe the latest offer for the campervan company will be rejected by the private equity firm, currently on a tourism sector buying spree.

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