EY Parthenon, Media Release, 11 November 2025
Samuel Freeman, Justin Walsh and Adam Nikitins of EY Parthenon as Joint and Several Voluntary Administrators of Regional Express Holdings Limited (Administrators Appointed) and a number of its subsidiaries (together ‘the Rex Group), announced creditors voted in favour of a Deed of Company Arrangement (DOCA) proposed by Air T at the Second Meeting of Creditors for the Rex Group. Following the signing of the DOCA, the Deed Administrators will move to satisfy the conditions of the DOCA after which the Rex Group will exit DOCA and Air T will become its new owner. Transition of operational control and legal ownership is expected before mid-December 2025.
These operations include:
- The regional business servicing 54 airports across Australia operated by Saab 340 aircraft
- Pilot training school The Australian Airline Pilots Academy (AAPA)
- Aviation service provider Australian Aero Propellor Maintenance (AAPM)
- Frequent Flyer business Rex Flyer
EY Parthenon Partner Sam Freeman said that the DOCA provides a superior outcome for stakeholders with ongoing employment for the continuing employees of the Rex Group, ongoing trading with suppliers and continuation of the Rex Regional Business connecting remote and regional communities.
The Administrators acknowledged the support of staff, passengers, suppliers and the Australian Government through the Voluntary Administration process.
“On behalf of the Administrators, we wish to thank all of the staff who have ensured the seamless continuation of regular passenger services over the past 15 months, customers who have continued to support Rex through the Voluntary Administration, suppliers who have continued to support the business and the Australian Government who have provided extensive support to enable this outcome,” said Sam Freeman.
Creditors voted to place Rex Airlines Pty Ltd, the entity that operated Rex’s 737 capital city network, into Liquidation. This entity was not part of the Air T DOCA proposal.
