THE ability for travellers to earn frequent flyer points with Rex’s loyalty program, Rex Flyer, is suspended after the company managing the program was placed into voluntary administration overnight.
Rex Flyer Pty Ltd is now in the hands of administrators EY, which stated it is now assessing the next steps for the loyalty brand and will issue an update to members as soon as practicable.
The development followed confirmation late yesterday that US company Air T had entered into an agreement with Rex administrators to buy the beleaguered regional carrier.
Air T said it expects to close the acquisition of Rex by the end ofthe year, so long as creditor and other approvals are obtained.
Sources close to the acquisition had leaked several key details yesterday, with Air T confirming plans overnight to not only buy the Rex business and retain staff, but also to pursue growth opportunities.
Crucially, Air T will fund Rex’s engine renewal program and work to return its full fleet to service as soon as possible.
Just over 30 of Rex’s 56 Saabs are currently in service, with the remainder grounded awaiting parts and engines. Rex was placed in administration in July 2024, saddled with debts in excess of $500 million.
