Rex buyer Air T plans to upgrade the engines on the airline’s fleet of Saab 340 turboprops. Photo: File.

The administrators for Rex have announced that a buyer from the US has been found for the beleaguered regional carrier.

The airline entered administration in July 2024 after the failure of its inter-city jet services and with $50 million in debt.

Ernst & Young Australia were appointed as administrators by the airline’s board of directors.

The 737-800 jets used on the capital city services have since been returned to their lessors, but the airline has continued to operate its fleet of 36-seat Saab 340 turboprop aircraft on its core regional routes through the administration.

The Federal Government has been underwriting these operations while the administrators searched for a buyer b

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