American aviation holding company Air T completed the acquisition of Australia’s Rex – Regional Express on December 18. Air T now owns 100pc of the insolvent regional airline.
The new owner provides a €30m credit facility. The Australian government extends a separate €37 million loan and restructures approximately €56m in existing debt. Air T restores fourteen Saab 340Bs to grow the operational fleet to 45.
Related posts:
Ryanair record November sees growth back to 6pc after summer blip
Three charged with crashing through exit barrier at Shannon Airport and spray painting US aircraft
Rescheduled drone show opens Winterval 2025 festival in Waterford
Minister meets with Knock Airport to advance Strategic Development Zone
