Regional Express Airlines has found a buyer after the company went into voluntary administration last July.

In a statement on Tuesday evening, administrators confirmed they had entered into a sale and implementation deed with Air T, a US-based air services company.

The process will result in the sale and recapitalisation of business operations, with an update on proceedings to be provided ahead of a second meeting with creditors.

"The Administrators would like to thank the Australian Government for their support to date in assisting to facilitate the proposed transaction," a statement read. Loading

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