MINNEAPOLIS, MN / November 11, 2025 / Air T, Inc. (NASDAQ: AIRT) is pleased to announce that a majority of Rex’s creditors—both in number and in value—have voted in favor of our bid to acquire Rex at the second meeting of creditors held on 11 November 2025.
This strong endorsement reflects confidence in our vision for Rex and our commitment to regional aviation in Australia. We take our responsibilities under the proposed Deed of Company Arrangement seriously.
We understand the Administrators intend to close the transaction by year-end, and we are working closely with all parties to ensure a smooth and timely completion.
Air T is grateful for the support shown throughout this process and looks forward to finalizing the acquisition and beginning a new chapter for Rex and regional communities across Australia.
NOTE REGARDING STAKEHOLDER QUESTIONS
If you have questions related to this release or other Air T matters, please use our interactive Q&A capability, through Slido.com, accessible from our website, to submit your questions. We intend to keep that link open and available for shareholder questions. Questions submitted through Slido will be answered “live” and in writing at our Annual Meeting, and via a written response on a quarterly basis. Note that legal and pragmatic requirements restrict us from answering every question posted, yet we intend to address all reasonable and relevant questions with a written answer.
ABOUT AIR T, INC.
Established in 1980, Air T Inc. is a portfolio of powerful businesses and financial assets, each of which is independent yet interrelated. Its core segments are overnight air cargo, ground equipment sales, commercial jet engines and parts, and corporate and other. We seek to expand, strengthen and diversify Air T’s after-tax cash flow per share. Our goal is to build Air T’s core businesses, and when appropriate, to expand into adjacent and other industries. We seek to activate growth and overcome challenges while delivering meaningful value for all stakeholders. For more information, visit www.airt.net.
ABOUT MOUNTAIN AIR CARGO INC.
Mountain Air Cargo (MAC), a wholly owned subsidiary of Air T Inc., is a leading provider of air cargo services and aircraft maintenance solutions. With over four decades of industry expertise, MAC operates a diverse fleet, including ATR and Cessna aircraft, to support domestic and international cargo operations. Committed to excellence, MAC delivers reliable, on-time service to major global logistics providers while maintaining FAA and EASA-certified maintenance repair overhaul (MRO) capabilities. With a reputation built on safety, precision, and customer satisfaction, MAC continues to expand its operational reach and service offerings in the aviation industry.
ABOUT ROYAL AIRCRAFT SERVICES, LLC
Royal Aircraft Services is a respected provider of aircraft maintenance, repair, and overhaul (MRO) services, known for its expertise in delivering high-quality solutions to the aviation industry. With a commitment to safety, precision, and operational excellence, Royal Aircraft Services supports a range of aircraft maintenance needs, ensuring reliability and efficiency for its clients. In addition to its comprehensive MRO capabilities, Royal Aircraft Services operates a FAA-certified aircraft painting facility, offering custom painting and refinishing services. With decades of experience and a dedicated team of aviation professionals, Royal Aircraft Services continues to uphold its reputation for technical expertise and customer-focused service, making it a trusted partner for aircraft operators and logistics providers.
CONTACT
Katrina Philp
kphilp@airt.com