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AAP
AAP
Jack Gramenz

Rex airs bid to sell ambulance flights firm to cut debt

Rex United States
Administrators of embattled airline Rex have agreed to sell Pel-Air to an entity of Toll Holdings. (Jane Dempster/AAP PHOTOS)

Embattled regional airline Rex will offload a business providing air-ambulance services in two states in a bid to free up tens of millions of dollars to pay down debts, pending approval.

The airline's administrators announced the agreement to sell Pel-Air to an entity of Japan Post-owned Toll Holdings for about $47 million on Thursday afternoon.

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