Nasdaq-listed Air T has submitted a bid to acquire Regional Express (Rex), the Australian regional carrier that entered administration last year after its domestic jet unit failed. Sources tell The Australian Financial Review the proposal is now under consideration by Prime Minister Anthony Albanese.
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Briefing
The federal review could determine the buyer and shape the future of regional connectivity after Rex was delisted from the ASX, altering its access to capital and investment options.
The sale is attracting multiple bidders: a recent direct approach from Renaissance Partners and broader private equity interest (see Bain Capital’s recent airline scouting) signal investor appetite for distressed airline assets.
Operational hurdles remain material — major domestic carriers like Virgin Australia have already declined to bid citing high fleet upgrade and integration costs, a key consideration for any acquirer.
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(DE) Is there a buyer for Rex? • aerotelegraph.com
Air T tables formal takeover offer for Rex Airlines, AFR reports • Aviation Source
Australian Aviation
• Jake Nelson