PPRuNe Forums - View Single Post - Rex in Trading hold
View Single Post
Old 23rd Mar 2020, 00:26
  #13 (permalink)  
Lookleft
 
Join Date: Jul 2008
Location: Australia
Posts: 1,254
Received 195 Likes on 90 Posts
Even worse for REX

REX TO CEASE PASSENGER OPERATIONS ✈️

Regional Express (Rex) has announced that it will shut down its expansive Regular Public Transport (RPT) air services in all States, except in Queensland.
The airline says its operations will cease with effect from 6 April 2020 "unless the Federal and State Governments are willing to underwrite the losses."
Rex Deputy Chairman, the Hon John Sharp AM, said "we believe that with only 20% of our passenger numbers left we have reached that point and the Rex Group has decided that the quasi suspension of all services at this stage presents the best option to preserve its cash.”

“If an assistance package of sufficient magnitude and viability can be negotiated by the end of the week, Rex may be able to reconsider its plans to suspend services." he said.
The company said all passengers with bookings for after the 6th April 2020 must wait until after 27th March 2020 before writing in via Rex’s website to put their bookings on credit for a future flight. It said no refunds will be offered as is the standard practice of all airlines during this crisis.
Whats so special about QLD though, is it because of State government subsidies?
Lookleft is offline