MINNEAPOLIS, MN, Dec 19, 2025 – (ACN Wire Service) – Air T, Inc. (NASDAQ: AIRT) delights in to reveal the effective closing of its procurement of Regional Express Holdings Limited (Rex), Australia’s prominent local airline company. Air T currently possesses 100% of Rex and expects starting a brand-new phase for Rex and the local neighborhoods it offers throughout Australia.
The deal consists of an extensive funding framework developed to sustain Rex’s procedures and future development:
Air T is offering a $50 million AUD credit scores center that is moneyed by among our capitalist companions. We prepare for that Rex will certainly utilize this center to bring its fleet completely back right into solution, from around 31 leaflets presently to 45 leaflets within the following 2 years.
The Republic of Australia will certainly remain to be a protected lender of Rex.
Rex will certainly have accessibility to an extra undrawn $60 million AUD car loan from the Republic of Australia to sustain the overhaul of its existing fleet of Saab 340s and basic procedures.
This funding plan shows the collective strategy taken by Air T, the Republic of Australia, and various other stakeholders to ensure Rex flourishes for the long-lasting and remains to solution local Australians. A solid Rex benefits Australia.
” We are delighted to invite Rex to Air T and to proceed the crucial job of enhancing local air travel in Australia,” stated Nick Swenson, Ceo of Air T, Inc. “Rex offers neighborhoods that depend upon dependable air solution, and we are dedicated to making certain the airline company operates a lasting basis for the long-term. This procurement lines up with our approach of purchasing important air travel companies with solid basics, fantastic administration groups and purposeful duties in their markets.”
Neville Howell, Ceo of Regional Express commented, “The procurement by Air T notes not simply the resolution of a tough phase, however the start of a revitalised one. It is the result of regimented preparation, right-minded decision-making and a steadfast dedication to the local neighborhoods we exist for. With restored stamina and quality, we move on, not specified by the disturbance behind us, however by the opportunities in advance.
As we move on, we will certainly hold to our core. We are an airline company with an obligation to link Australians, and we will certainly approach this following phase with the exact same materialism, treatment and settle that led us with the difficulties behind us. This collaboration does not redefine Rex. It reinforces our ability to honour the function that has actually constantly specified us; to offer the areas that constructed us, with our heart securely in the nation.”
Air T and Rex are happy for the assistance and partnership of the Administrators, the Republic of Australia, Rex’s financial institutions, and all stakeholders throughout this procedure.
KEEP IN MIND REGARDING STAKEHOLDER INQUIRIES
If you have concerns pertaining to this launch or various other Air T issues, please utilize our interactive Q&A capacity, with Slido.com, available from our internet site, to send your concerns. We mean to maintain that web link open and readily available for investor concerns. Inquiries sent with Slido will certainly be responded to “live” and in creating at our Yearly Satisfying, and by means of a written reaction on a quarterly basis. Keep in mind that lawful and practical demands limit us from responding to every inquiry published, yet we mean to deal with all sensible and pertinent concerns with a created response.
REGARDING AIR T, INC
. Developed in 1980, Air T Inc. is a profile of effective companies and monetary possessions, each of which is independent yet related. Its core sections are over night air freight, ground tools sales, business jet engines and components, and company and various other. We look for to increase, reinforce and expand Air T’s after-tax capital per share. Our objective is to construct Air T’s core companies, and when suitable, to increase right into surrounding and various other sectors. We look for to trigger development and get over difficulties while supplying purposeful worth for all stakeholders. For additional information, visit www.airt.com.
REGARDING REX
Developed in 2002, Rex is Australia’s biggest independent local airline company offering local and remote neighborhoods throughout all states in Australia. Rex has the globe’s biggest fleet of Saab 340 airplane operating over 1,000 trips weekly.
Along with the airline company, the Rex Team consists of 2 specialist pilot training universities, the Australian Airline Company Pilot Academy (AAPA) in Wagga Wagga, NSW and Ballarat, VIC and the prop upkeep overhaul center, the Australian Aerospace Prop Upkeep (AAPM) based in Dingley, VIC.
GET IN TOUCH WITH
Tracy Kennedy
tkennedy@airt.com
POSITIVE DECLARATIONS
Specific declarations in this news release are “progressive” declarations within the definition of the Personal Stocks Lawsuits Reform Act of 1995 relative to the Business’s monetary problem, outcomes of procedures, strategies, purposes, future efficiency and service. Progressive declarations consist of those come before by, complied with by or that consist of words “thinks”, “pending”, “future”, “anticipates,” “prepares for,” “price quotes,” “depends” or comparable expressions. These progressive declarations include threats and unpredictabilities. Real outcomes might vary materially from those pondered by such progressive declarations, due to, to name a few points, prospective threats and unpredictabilities, such as:
A failure to fund our procedures with financial institution or various other funding or with the sale of issuance of financial obligation or equity protections;
Economic and market problems in the Business’s markets;
The threat that agreements with FedEx might be ended or detrimentally changed;
The threat that the variety of airplane ran for FedEx will certainly be lowered;
The threat that GGS clients will certainly delay or lower considerable orders for deicing tools;
The influence of any kind of terrorist tasks on USA dirt or abroad;
The Business’s capacity to handle its expense framework for business expenses, or unforeseen resources demands, and match them to moving client service demands and manufacturing quantity degrees;
The Business’s capacity to fulfill financial obligation solution commitments and to re-finance existing financial obligation commitments;
The threat of injury or various other damages occurring from mishaps entailing the Business’s over night air freight procedures, tools or components marketed and/or solutions supplied;
Market approval of the Business’s business and army tools and solutions;
Competitors from various other suppliers of comparable tools and solutions;
Adjustments in federal government guideline and modern technology;
Adjustments in the worth of valuable protections held as financial investments;
Moderate wintertime climate condition lowering the need for deicing tools;
Market approval and functional success of the Business’s business jet engines and components section or its airplane property administration service and relevant airplane resources joint endeavor; and
In spite of our existing insolvency degrees, we and our subsidiaries might still have the ability to sustain considerably even more financial obligation, which might better intensify the threats related to our significant utilize.
A positive declaration is neither a forecast neither an assurance of future occasions or scenarios, and those future occasions or scenarios might not happen. We are under no commitment, and we specifically disclaim any kind of commitment, to upgrade or modify any kind of progressive declarations, whether as an outcome of brand-new info, future occasions or otherwise.
RESOURCE: Air T, Inc
. Subject: News release recap
Resource: Air T, Inc
. Markets: Airline companies.
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