After more than a year fossilised in amber, Australia's third largest airline looks to have avoided extinction – American firm Air T has agreed to buy Rex, prompting roars of approval from government and industry as well as the best name for any corporate buyout in history.

But while Air T brings with it plenty of Saab 340 parts to resurrect Rex's dinosaur planes, will fleet renewal still be on the menu – and will creditors get their money back?

Jake, David, and graduate journalist Bethany Alvaro make approximately too many Jurassic Park references as they dissect Air T's Rex purchase and what it might mean for the regional airline's future.

Plus, the first jet lands at Western Sydney Airport; ex-Virgin boss Paul Scurrah returns to aviation; and what, scientifically, is an "RBH"?