Originally Posted by
Ollie Onion
Same as Qantas and Jetconnect or Jetstar and Jetstar NZ, technically both of these companies are crewing Companies that supply Pilots, Cabin Crew and RPT services to Qantas and Jetstar, Qantas and Jetstar ‘Lease’ the aircraft and trading facilities to these entities so that Jetconnect and Jetstar NZ use the AOC’s and Regulatory structure of the Clients. If Jetconnect or Jetstar NZ went bust then that operation would be wrapped up as a seperate entity and the ‘leasing’ ceases meaning that Qantas and Jetstar OZ have no liabilities from the bankruptcy.
It is a bit different when you have companies registered in different jurisdictions such as Qantas (Australia) and Jetconnect (NZ). There is also no deed of cross guarantee between Qantas and Jetconnect. Jetconnect files its own financial reports under New Zealand regulations; they are not rolled into the Qantas Group reporting.
That is a very different structure and arrangement to how Rex's domestic operations are set up.