US-based Air T will become the new owner of Regional Express Holdings (Rex) after creditors voted in favour of a deed of company arrangement to keep the airline's regional operations in the air.

Creditors met via videolink this afternoon and voted in favour of the deal, which is expected to see Air T take ownership before Christmas.

Rex was placed into voluntary administration in July 2024, after acquiring $50 million in debt from its largest creditor at the time, PAG. Loading

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