Air T Inc enters into sale and implementation deed to acquire Rex Airlines
Air T Inc entered (21-Oct-2025) into a sale and implementation deed with the administrators of Rex Airlines and certain of its subsidiaries. Air T expects to close the acquisition of the carrier by the end of 2025 if creditor and other approvals are obtained. Rex's financing arrangements will be restructured in connection with the acquisition. Air T stated the proposed agreement "contemplates a continuation and growth of Rex's regional airline business and continuing employment for its workforce". Air T added that it "likes the Rex Saab 340 programme" and intends to fund the carrier's engine renewal programme and return its fleet to service. [more - original PR]
Background ✨
Rex Airlines' voluntary administration process was extended to 05-Dec-2025 to allow further negotiations with a narrowed bidding field, with the Australian Government providing up to AUD30 million in additional financing if needed and continuing to support regional connectivity during ongoing sale efforts1. Industry leaders highlighted the need for a sustainable fleet strategy, citing significant supply chain challenges in maintaining the Saab 340 aircraft2 3.