Business
Air T Enters into Agreement with Regional Express Holdings Limited
MINNEAPOLIS, MINNESOTA / ACCESS Newswire / October 21, 2025 /Air T, Inc. (NASDAQ:AIRT) has entered into a Sale and Implementation Deed (SID) with the Administrators of Regional Express Holdings Limited (Administrators Appointed) and certain of its ...
About this update from Air T, Inc. - Trust Preferred Securities
[{"type":"text","content":"MINNEAPOLIS, MINNESOTA / ACCESS Newswire / October 21, 2025 / Air T, Inc. (NASDAQ:AIRT) has entered into a Sale and Implementation Deed (SID) with the Administrators of Regional Express Holdings Limited (Administrators Appointed) and certain of its subsidiaries (Rex), which operates the leading regional airline in Australia. Air T expects to close the acquisition of Rex by year-end if creditor and other approvals are obtained.","length":430,"tagName":"p"},{"type":"text","content":"Air T has been working closely with the Administrators and the Australian Government, Rex's secured lender, to develop a solution that best serves the interests of all stakeholders. To support the implementation of the acquisition, Air T and the Commonwealth of Australia have entered into an agreement pursuant to which Rex's financing arrangements will be restructured in connection with the acquisition.","length":414,"tagName":"p"},{"type":"text","content":"The proposed acquisition contemplates a continuation and growth of Rex's regional airline business and continuing employment for its workforce.","length":147,"tagName":"p"},{"type":"text","content":"Rex plays an essential role in connecting regional Australian communities. Approximately 50% of Rex's routes are not serviced by any other airline. Air T likes the Rex Saab 340 program and will be funding Rex's engine renewal program and returning its fleet to service.","length":277,"tagName":"p"},{"type":"text","content":"Air T will work to ensure Rex will continue to operate on a sustainable basis, thereby providing critical services to regional Australians. Air T believes it was selected to acquire the company in part because of its long-term investment horizon, experience in regional aircraft, and commitment to stabilizing and growing Rex.","length":326,"tagName":"p"},{"type":"text","content":"The transaction remains subject to certain other approvals, including approval by Rex's creditors and the Federal Court of Australia.","length":137,"tagName":"p"},{"type":"text","content":"Further disclosure regarding the implementation of the transaction will be provided as the transaction progresses. Air T remains committed to transparency and will share information about the transaction during this process.","length":224,"tagName":"p"},{"type":"text","content":"About AIR T, INC.","len...