Air T, Inc. has initiated the acquisition of Regional Express Holdings Limited (Rex), aiming to enhance regional connectivity in Australia while ensuring the airline's sustainable growth.
Target Company Overview
Air T, Inc. (NASDAQ:AIRT) announced on October 20, 2025, its intention to acquire Regional Express Holdings Limited (Rex), a prominent regional airline operator in Australia. This acquisition is formalized through a Sale and Implementation Deed (SID) with the Administrators of Rex and its subsidiaries. Air T anticipates completing the acquisition by the end of the year, contingent upon obtaining the necessary creditor and regulatory approvals.
Rex plays a crucial role in enhancing connectivity among regional communities in Australia, with approximately 50% of its routes being unique and not served by any other airline. Air T intends to support the airline’s growth and sustainability through strategic investments, including funding its engine renewal program and revitalizing its fleet.
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Industry Overview in Australia
The aviation industry in Australia, particularly regional airlines, is experiencing a significant transformation driven by changing consumer preferences and economic recovery follo
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