Air T agrees to acquire Regional Express Holdings (Rex) in Australian regional airline deal

AIR T INC

Sale and Implementation Deed signed with court-appointed administrators of Rex.
Air T expects to close by year-end 2025, subject to creditor, court, and Australian government approvals.
Australian government agreed to restructure Rex's financing arrangements in connection with the acquisition.
Air T will fund Rex's Saab 340 engine renewal program and return fleet to service.
Approximately 50% of Rex's routes are not serviced by any other airline; Air T plans to grow the business.

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