After Ansett collapsed, a group of businessmen saw an opportunity to revive the regional aviation part of the business. They believed there were sound business reasons for this initiative as:
A consortium of investors eventually reached an agreement with the administrators, the government, the unions and the staff to purchase the Hazelton and Kendell turbo-prop passenger airline businesses, leading to the formation of Regional Express, more affectionately known as Rex. Rex’s inaugural flight took place in August 2002, from Wagga Wagga to Sydney. In the decades since , Rex has continued operating vital air corridors between regional and metropolitan centres. In December 2025, Rex became part of Air T, Inc., a US-based aviation group, marking an important milestone in the airline’s history. Air T has reaffirmed its commitment to preserving and strengthening regional aviation in Australia, with a focus on long-term sustainability, operational resilience, and continued service to the communities Rex proudly connects.