Minneapolis-based aviation holding company Air T has finalized its acquisition of the financially troubled Australian regional airline Rex. The deal marks a strategic expansion for Air T, which intends to restore Rex’s entire fleet of 47 Saab 340 aircraft and rebuild its regional network. This move follows Rex’s bankruptcy and aims to support its growth trajectory.
Air T stated that post-acquisition, Rex will focus on growth opportunities, emphasizing fleet relaunch and network reinvigoration. The company's statement underlines a commitment to restoring services and expanding regional connectivity within Australia.
Strategic Growth and Fleet Revival
Christine Boynton, Senior Editor at Aviation Week, highlighted that Rex’s recovery is expected to benefit regional air transport by revitalizing connectivity for underserved areas. The deal signifies a notable shift in Australian regional aviation, with Air T positioning itself as a major player in the domestic market.
“The acquisition of Rex demonstrates Air T’s confidence in the Australian regional market and its commitment to expanding connectivity,” said Christine Boynton.
The acquisition includes plans for Rex to resume operations with its Saab 340 fleet, signaling confidence in the carrier’s potential to adapt and grow despite prior financial difficulties. Industry analysts observe that this strategic move could influence regional airline competition and service levels in Australia, fostering a more resilient regional aviation sector.
