Creditors Approve Rex Sale to Air T, Paving Way for Takeover by Mid-December

Overview

• Creditors approved the sale of Rex to US investor Air T, with operational control expected to transfer before mid-December 2025.
• Rex’s capital‑city 737 operation will be liquidated, as the deed of company arrangement applies only to the regional business.
• The federal government endorsed the bid and agreed to a support package featuring a loan of up to A$60 million and a restructuring of existing government debt.
• Air T plans to stabilise operations, address maintenance backlogs, retain the management team, recruit pilots and engineers, and lift the active fleet from about 30 to 44 aircraft.
• Administrators did not disclose expected returns for unsecured creditors or any recovery for shareholders.