Should the Govt takeover REX?

with REX looking pretty shaky and in administration after trying to lift their revenue competing in the city-to-city market.

crushed by Qantas as some are saying? maybe. its free market practice for bigger companies to crush little ones.

how to regulate a competitive industry?

should the govt take a financial interest in Rex with the aim of ensuring people living in regional towns get a fair price and consistency in servicing the rural/regional market?

certainly Qantas and Virgin aren't very interested in flying short haul, low passenger services.

so what is a sensible position on Rex?