Rex Airlines is set to be sold to a US group so long as creditors agree. Photo: Mick Tsikas/AAP PHOTOS

Regional travellers could be in luck with a troubled airline on the brink of being rescued, but whether ticket prices will actually come down remains up in the air.

Subscribe now for unlimited access .

Login or signup to continue reading All articles from our website The digital version of Today's Paper All other regional websites in your area Continue

Administrators have confirmed US company Air T is planning to buy troubled Australian carrier Rex 15 months after it collapsed into administration.

But the sale must still be approved by creditors, who will meet in coming weeks, while shareholders are expected to be left with nothing.

Federal Transport Minister Cather

See Full Page