Rex Airlines
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Rex Airlines Pty Ltd is an Australian regional airline based in Mascot, New South Wales. It operates scheduled regional services using turboprop aircraft. Between 2021 and 2024, Rex also operated jet services between selected major Australian cities. In July 2024, it collapsed and was placed into voluntary administration, which it exited in December 2025 after its acquisition by American airline holding company Air T. It is the primary subsidiary of Regional Express Holdings, itself owned by American airline holding company Air T. Rex is Australia's second-largest regional airline by number of regional destinations, serving 45 regional destinations, behind QantasLink, who serve 55 regional destinations across Australia. On 30 July 2024, the airline ceased all bookings for domestic jet service routes to capital cities and fell into voluntary administration, appointing joint administrators from EY. It came one day after Rex requested a trading halt on the Australian Securities Exchange (ASX), amid fears the airline could halt all operations. Rex continues to regional services with the Government of Australia having underwritten its continuing operations. In September 2024, two months after the commencement of the administration, no buyer was found, with fears the company could be liquidated. It did, however, previously get an extension from the Federal Court of Australia to further facilitate the sale process. In November 2024, the company received another extension of the administration and received funding from the government to keep it afloat. It also had previously started stripping a few subsidiaries, such as Pel-Air to Toll Group. In January 2025, the federal government bought $50 million debt from the senior lender PAG in another effort to secure the future of the airline, and supported administrators in again finding a buyer. In October 2025, administrator EY entered a sale agreement with Air T to purchase the airline. The sale was completed on 18 December 2025.