- Australian 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.
- Australian federal government has been propping up the airline to ensure regional and remote communities remain serviced, buying $50 million in debt and loaning up to $80 million.
- Rex went into voluntary administration in July 2024, after a failed bid to compete with rival airlines on capital city routes.
US aviation investor Air T, Inc., which operates a number of aviation…