ACCESS Newswire

Air T Enters into Agreement with Regional Express Holdings Limited

Share

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.

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.

The proposed acquisition contemplates a continuation and growth of Rex's regional airline business and continuing employment for its workforce.

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.

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.

The transaction remains subject to certain other approvals, including approval by Rex's creditors and the Federal Court of Australia.

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.

About AIR T, INC.

Established in 1980, Air T, Inc. is a portfolio of powerful businesses and financial assets, each of which is independent yet interrelated. Its core segments are overnight air cargo, ground support equipment, commercial aircraft, engines and parts, and digital solutions. We seek to expand, strengthen and diversify Air T's after-tax cash flow per share. Our goal is to build Air T's core businesses, and when appropriate, to expand into adjacent and other industries. We seek to activate growth and overcome challenges while delivering meaningful value for all stakeholders. For more information, visit www.airt.com. The information on our website is available for informational purposes only and is not incorporated by reference into this press release.

FORWARD-LOOKING STATEMENTS

Certain statements in this press release, including those contained in "Overview," are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the Company's financial condition, results of operations, plans, objectives, future performance and business. Forward-looking statements include those preceded by, followed by or that include the words "believes", "pending", "future", "expects," "anticipates," "estimates," "depends" or similar expressions. These forward-looking statements involve risks and uncertainties. Actual results may differ materially from those contemplated by such forward-looking statements, because of, among other things, potential risks and uncertainties, such as:

  • An inability to finance our operations through bank or other financing or through the sale of issuance of debt or equity securities;

  • Economic and industry conditions in the Company's markets;

  • The risk that contracts with FedEx could be terminated or adversely modified;

  • The risk that the number of aircraft operated for FedEx will be reduced;

  • The risk that GGS customers will defer or reduce significant orders for deicing equipment;

  • The impact of any terrorist activities on United States soil or abroad;

  • The Company's ability to manage its cost structure for operating expenses, or unanticipated capital requirements, and match them to shifting customer service requirements and production volume levels;

  • The Company's ability to meet debt service covenants and to refinance existing debt obligations;

  • The risk of injury or other damage arising from accidents involving the Company's overnight air cargo operations, equipment or parts sold and/or services provided;

  • Market acceptance of the Company's commercial and military equipment and services;

  • Competition from other providers of similar equipment and services;

  • Changes in government regulation and technology;

  • Changes in the value of marketable securities held as investments;

  • Mild winter weather conditions reducing the demand for deicing equipment;

  • Market acceptance and operational success of the Company's commercial jet engines and parts segment or its aircraft asset management business and related aircraft capital joint venture; and

  • Despite our current indebtedness levels, we and our subsidiaries may still be able to incur substantially more debt, which could further exacerbate the risks associated with our substantial leverage.

A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances, and those future events or circumstances may not occur. We are under no obligation, and we expressly disclaim any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT

Tracy Kennedy
Chief Financial Officer
704-264-5102

SOURCE: Air T, Inc.



View the original press release on ACCESS Newswire

Air T, Inc.

Subscribe to releases from ACCESS Newswire

Subscribe to all the latest releases from ACCESS Newswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from ACCESS Newswire

FINOS Launches Fluxnova with Fidelity Investments, NatWest Group, Deutsche Bank and Capital One - An Open Source Orchestration Platform to Scale Process Automation21.10.2025 18:00:00 CEST | Press release

Announced at the Open Source in Finance Forum (OSFF), Fluxnova empowers financial institutions to modernize their infrastructure, reduce vendor dependency, and build long-term industry resilience. NEW YORK CITY, NY / ACCESS Newswire / October 21, 2025 / The Fintech Open Source Foundation (FINOS), the foundation of open innovation in financial services, today announced the launch of Fluxnova, an open orchestration platform developed in partnership with Fidelity Investments, NatWest Group, Deutsche Bank, and Capital One. Fluxnova delivers audit-ready workflows at scale, helping institutions visualize and automate their processes. By doing so, companies are better positioned to modernize operations and maintain strong governance across their processes. Fluxnova offers developers a toolkit for designing and deploying Business Process Model and Notation (BPMN) and Decision Model and Notation (DMN) models with a high-performance engine to execute and trace workflows. Business teams gain tran

Foundry Welcomes Gregory Anderson as Global Chief Revenue Officer21.10.2025 15:00:00 CEST | Press release

Global Sales Leader to Drive Unified Strategy and Accelerate Customer-Centric Growth NEW YORK CITY, NY / ACCESS Newswire / October 21, 2025 / Foundry, the leading global tech media, data, and marketing services company, is thrilled to announce the appointment of Gregory Anderson as Global Chief Revenue Officer (CRO). With two decades of proven success driving sales performance across technology and media sectors, Anderson joins Foundry with a clear focus on enhancing the buyer journey and accelerating strategic growth globally. Anderson joins Foundry from Informa TechTarget, where he most recently served as Chief Sales Officer at Omdia. During his tenure, he held several other key leadership roles, including positions leading sales and the integration of major acquisitions such as BrightTALK and Enterprise Strategy Group (ESG). He also spent eight years as VP of Sales for APAC at Informa TechTarget, where he helped expand regional operations. "We are thrilled to welcome Greg to the Fou

Ubiquity Strengthens European Leadership with Appointment of Megan Porter as EVP, UK & Europe21.10.2025 09:00:00 CEST | Press release

Appointment underscores Ubiquity's continued investment in Europe, expanding onshore and offshore CX delivery to support global clients with scalable, multilingual solutions. LONDON, GB / ACCESS Newswire / October 21, 2025 / Ubiquity, a global provider of customer experience (CX) and business process outsourcing (BPO) solutions, today announced the appointment of Megan Porter as Executive Vice President, UK & Europe. In her new role, Porter will lead regional growth efforts, build local partnerships, and represent Ubiquity's expanding presence across the UK and wider European markets. The appointment comes as Ubiquity continues to accelerate its investment in the region with the opening of its Sheffield, UK delivery centre, expanding capacity to support onshore programmes for fintech, healthcare, insurance, and e-commerce clients. This expansion complements Ubiquity's nearshore and offshore capabilities across Accra, Ghana, and Eastern Europe, providing flexible, multilingual support t

Clean Air Metals Drilling Confirms Down-Plunge Extension of the Escape Deposit20.10.2025 13:00:00 CEST | Press release

THUNDER BAY, ON / ACCESS Newswire / October 20, 2025 / Clean Air Metals Inc. ("Clean Air Metals" or the "Company") (TSX.V:AIR)(FRA:CKU)(OTCQB:CLRMF) is pleased to announce that its 2025 summer drilling program at the Company's 100%-owned Thunder Bay North Critical Minerals Project ("TBN") has confirmed the continuation of the Escape Deposit into a previously untested 2.5 km long magnetic anomaly that connects to the known mineral resources. The single hole completed during this program intersected high-tenor sulphide mineralization having comparable thickness and metal grades to the existing Escape Deposit resource. Given its significant size, the Escape down-plunge target represents the highest potential resource addition opportunity for the TBN project. Assay highlights from hole EL25-001: 53 m of 0.52 g/t Pt, 0.69 g/t Pd, 0.26% Cu and 0.17% Ni(from 404 m downhole, including 0.84 g/t Pt, 1.12 g/t Pd, 0.41% Cu and 021% Ni over 22 m from 411 m, and 1.08 g/t Pt, 1.41 g/t Pd, 0.52% Cu an

Innodata to Report Third Quarter 2025 Results16.10.2025 14:30:00 CEST | Press release

NEW YORK, NY, AL / ACCESS Newswire / October 16, 2025 / INNODATA INC. (Nasdaq:INOD) today announced that it will report Third Quarter 2025 results after the market closes on Thursday, November 6, 2025. A news release will be available in both the News and Investor Relations sections of the Innodata website, www.innodata.com. Innodata has scheduled an investor conference call for 5:00 PM Eastern time on that same day. The call-in numbers for the conference call are: (+1) 800 549 8228 North America (+44) 800 279 7040 United Kingdom (+1) 289 819 1520 International Participant Access Code 42719 # Investors are also invited to access a live Webcast of the conference call at the Investor Relations section of Innodata's website at https://investor.innodata.com/events-and-presentations/. Please note that the Webcast feature will be in listen-only mode. Call-in replay will be available for seven days following the conference call, and Webcast replay will be available for 30 days following the c

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye