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  5. Air T Acquires Rex

M&A Deal Summary

Air T Acquires Rex

On December 18, 2025, Air T acquired airliner Rex for 50M USD

Acquisition Highlights
  • This is Air T’s 1st transaction in the Airlines sector.
  • This is Air T’s largest (disclosed) transaction.
  • This is Air T’s 1st transaction in Australia.

M&A Deal Summary
Date 2025-12-18
Target Rex
Sector Airlines
Buyer(s) Air T
Deal Type Add-on Acquisition
Deal Value 50M USD

Target

Rex

Sydney, Australia
Rex is an independent regional airline serving regional and remote communities throughout all states in Australia. Rex was founded in 2002 and is based in Sydney, Australia.

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Buyer(S) 1

Buyer

Air T

Denver, North Carolina, United States
Category Company
Founded 1980
Sector Transportation
Employees624
Revenue 287M USD (2024)
DESCRIPTION

Air T is a provider of overnight cargo delivery of small package air freight, sells aircraft parts, and provides engine overhaul management services. Air T was founded in 1980 and is headquartered in Denver, North Carolina.

DEAL STATS #
Overall 1 of 1
Sector: Airlines M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1
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