“The administrators would like to thank the Australian government for their support to date in assisting to facilitate the proposed transaction,” E&Y said.
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“Reliable air connectivity is fundamental to the social and economic wellbeing of regional Australia,” said Australian Airports Association CEO Simon Westaway.
Maintenance, repair, and overhaul is a globalised business with planes routinely travelling distances for servicing, experts said. Air T is thought to have the supply chains needed for regional aviation in place to provide the needed maintenance for Rex’s ageing fleet of 22 Saab 340B and 35 Saab 340B Plus aircraft.
Rex CEO Nick Swenson, said: “This acquisition aligns with our deep experience in regional…