The second meeting of creditors on Tuesday greenlit the Deed of Company Arrangement (DOCA) proposed by Air T, encompassing Rex’s regional Saab 340 operations as well as a number of the group’s subsidiaries.
The FIFO, wet lease and charter operator in earnings guidance this month said it expected its EBITDA for the year ending 30 June 2026 to be “materially lower than analyst consensus estimates”, at around $190–$210 million.