Air T, Inc. Secures Creditor Support for Rex Acquisition

Air T, Inc. (NASDAQ:AIRT) has announced that a majority of Rex's creditors have endorsed its acquisition bid at the recent creditor meeting. This marks a significant step for Air T in its bid to take over Rex, a key player in regional aviation in Australia.

The company has expressed gratitude for the support and is committed to finalizing the transaction by the year-end. The acquisition aligns with Air T's strategic vision to expand its footprint in regional aviation markets.

Air T encourages stakeholders to direct any questions about the acquisition through its interactive Q&A feature on Slido.com. The company plans to address these inquiries at its Annual Meeting and provide quarterly written responses.