The new owner of Rex - Regional Express (ZL, Wagga Wagga), US-based holding company Air T, has pledged to "stay in its lane" and focus on reactivating Rex's Saab 340B fleet and restoring more regional routes, in exchange for securing the Australian government's support of the acquisition. The investor says it learned a lesson from the regional airline's failed venture into B737-800 operations to compete with Qantas (QF, Sydney Kingsford Smith) and Virgin Australia (VA, Brisbane International) on major domestic routes.

The American company will invest AUD50 million Australian dollars (USD32.7 million), excluding an additional AUD60 million (USD39 million) from the federal government.