Australia News

Rex Airlines Saved With Sale to US Company

The acquisition has been welcomed by the federal government, but it is subject to regulatory approvals.
Rex Airlines Saved With Sale to US Company
Rex Airlines Boeing 737 planes lay idle at Tullamarine Airport in Melbourne, Australia, on July 31, 2024. William West/AFP via Getty Images
Monica O’Shea
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Air T, a U.S. company headquartered in Charlotte, North Carolina, is planning to buy Australian airline Regional Express (REX).

Rex entered voluntary administration in July 2024 and was forced to stop its services between major cities. Regional services continue to operate with the help of an $80 million lifeline from the federal government.

Monica O’Shea
Monica O’Shea
Author
Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]