More Time to Sell Rex as Buyers Show Interest in Airline
Administrators of Regional Express Holdings Limited, operating as Rex, have received multiple well-funded offers and are requesting more time from Australia’s Federal Court to complete the sale. The airline, currently in voluntary administration, filed the update with the Australian Stock Exchange on June 17, 2025.
According to administrators from Ernst & Young, serious bidders have been shortlisted. “These bidders are well-funded and see real value in the business and its future,” the filing stated. The current deadline to finalize a sale or move to liquidation is June 30, but the administrators plan to seek an extension through December 2025.
Anchorage Capital Partners and HMC Group—owners of Aviair and Nexus Airlines—are among the interested parties. A proposal from Renaissance Partners to relocate Rex’s base to Canberra and convert debt to equity was reportedly declined by the administrators.
Rex continues operating over 1,000 weekly turboprop flights, serving 52 airports, mainly in eastern Australia. Its previous expansion into Boeing 737-800 jet routes was a key factor in its financial troubles and has since been halted.
To support ongoing operations, the Australian government assumed AUD50 million in debt from PAG Asia Capital and issued an AUD80 million loan. Transport Minister Catherine King confirmed that another AUD30 million would be made available if the court grants an extension. She emphasized the government’s commitment to maintaining essential air services for regional communities and is preparing contingency plans should a sale not proceed.
Rex remains a critical link for remote and regional Australia.
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Sources: AirGuide Business airguide.info, bing.com, ch-aviation.com