‘High Confidence’: Rex Airlines Rescued by US Outfit Air T

Rex sale lands but there's no cheap flight guarantees

There's hope regional airline Rex can expand its manifest under the wing of an international buyer, but questions...

Rex Airlines Saved With Sale to US Company

Air T, a U.S. company headquartered in Charlotte, North Carolina, is planning to buy Australian airline Regional Express (REX). Rex entered voluntary administration in July 2024 and was forced to stop its services between major cities. Regional services continue to operate with the help of an $80 million lifeline from the federal government. Now, Air T has entered into an agreement with the administrators of Rex and hopes to close out the deal b…

‘High confidence’: Rex Airlines rescued by US outfit Air T

Administrators E&Y have warned that the debt-laden airline’s 4800 creditors, who are owed a combined $500 million, will probably receive nothing.

Rex Airlines finds US buyer

Rex saved, creditors get none of $500m owed

The troubled Rex Airlines will be bought by a US company to save it from administration. But creditors have been warned they are unlikely to be paid.

Rex sold to America’s Air T but investors all but wiped out

It’s been almost 18 months since the first sign of trouble at Regional Express. Now, emerging from administration, the regional carrier finally has a new owner.