Regional airline Rex has a US buyer, administrators have confirmed.
The announcement on Tuesday evening comes more than a year after the airline entered voluntary administration.
Air T – which operates a number of aviation businesses in the US – has entered a sale and implementation deed with EY, the administrators of Rex.
“The sale and implementation deed is subject to customary conditions precedent for a transaction of this type including receipt of regulatory approvals and approval by creditors,” the administrators’ announcement said.
The estimated return to the airline’s creditors is being determined.