Rex regional services to survive as airline goes into administration

The Federal Government has refused to rule out providing an financial lifeline to Rex Airlines which fell into administration overnight.W hile Rex's regional services look like surviving, more than 600 jobs could be in jeopardy. The airline's capital city routes - where it tried and failed to compete with Qantas - have been axed. Reporter: Peter Ryan, Senior Business Correspondent Featured: Marcus Blackie, King Island mayor; Sam Freeman, administrator, Michael Kaine, Transport Workers Union; Jim Chalmers, Treasurer; Catherine King, transport minister; Jayne Hrdlicka, CEO, Virgin Australia