Australian-based firm Renaissance Partners has urged the Federal Government to take its offer for Rex, warning that it won’t be on the table forever. “The offer also ensures Rex stays Australian-owned, is relisted on the ASX, and is refreshed so to have a sustainable long-term future without further public bailouts,” Renaissance said. Our current plans for a third airline in Australia rescue Rex, but doesn’t need Rex to be realised. EY Australia was earlier this year given until 5 December to wrap up the second sale process, which was slated to end on 30 June. “The Government is not able to comment further on the sale process as it is commercially sensitive.