Australian creditors have approved the sale of Regional Express Holdings (Rex Group) to US-based aviation company Air T. The approval process, completed on November 11, paves the way for the transition of Rex’s core regional operations, which will include maintaining a fleet of Saab 340B aircraft across 54 airports nationwide.
The deal also encompasses the Australian Airline Pilots Academy and the Rex Flyer frequent flyer program, although Rex’s short-lived B737-800 fleet operator, Rex Airlines Pty Ltd, will be liquidated, marking the end of its domestic jet operations.
Government Support and Future Outlook
Rex’s transition follows a 15-month voluntary administration period, during which the airline's regional turboprop services were sustained with support from the Australian government. The support package includes a AUD 60 million loan and a restructuring of approximately AUD 90 million in existing debt, with plans to restore the airline’s fleet to 47 Saab 340B aircraft within the next 10 to 15 years.
“This deal provides a secure future for Rex and its stakeholders,”
said EY Parthenon Partner Sam Freeman, an administrator overseeing the process. The broad support from staff, customers, suppliers, and government officials highlights the importance of the airline’s regional services to Australia’s connectivity.
The acquisition is expected to be completed before mid-December 2025, promising to preserve Rex’s role in Australia’s domestic aviation landscape despite recent financial challenges.
