Regional travellers could be in luck with a troubled airline on the brink of being rescued, but whether ticket prices will actually come down remains up in the air.

Administrators have confirmed US company Air T is planning to buy troubled Australian carrier Rex 15 months after it collapsed into administration.

But the sale must still be approved by creditors, who will meet in coming weeks, while shareholders are expected to be left with nothing.

Federal Transport Minister Catherine King said the proposed buyout was welcome and would help Rex bolster its fleet of aircraft after a taxpayer-funded, $130 million rescue package helped keep it airborne.

The regional airline runs ageing Saab planes and the minister noted Air T had access to a large collection of similar aircraft and spare pa

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