An American buyer is reportedly swooping in to save struggling Aussie airline Rex from administration. The regional airline collapsed into voluntary administration in July last year.
The Australian Financial Review and Sydney Morning Herald have reported Nasdaq-listed US aviation company Air T has agreed to buy Rex. Sources told the publications the terms of the deal could be released as early as this week, with parties due to sign as early as Monday.
Air T operates various aviation businesses in the US, including FedEx flights and freight flights for charter companies. The company also notably has access to spare parts…