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Collapse airline Rex is reportedly set to be saved by US aviation company Air T. (Source: Getty) 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…
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…
Victor Pody shot this Rex Saab 340B, VH-RXE. Rex is set to leave voluntary administration and avoid a government takeover after being sold to a US-based buyer. “As outlined in Rex’s ASX release on 17 June 2025, the Administrators have received a number of offers from interested parties in connection with the process for the…
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. Sign up…
Supreme Court: The Division Bench of J.B. Pardiwala and K.V. Viswanathan, JJ., issued notice to the respondents, returnable in four weeks, in a civil appeal raising following two significant questions of law: whether the Insolvency and Bankruptcy Code, 2016 (‘IBC’) overrides the provisions of the Industrial Disputes Act, 1947 (‘ID Act’). whether a Resolution Professional…