Originally Posted by
MickG0105
Can I ask how they accomplished this separation? The jet ops are being flown under the same AOC as the Saab ops, aren't they? That AOC is held by Regional Express Pty Limited (ACN 101 325 642). Regional Express Pty Limited is also the registered operator for both the Boeings and the Saabs.
They may have separate operational staff and cost centres but from both the regulatory and financial perspectives both the jets and the Saabs sit under Regional Express Pty Ltd, the wholly owned subsidiary of Regional Express Holdings Limited (ACN 099 547 270). Regional Express Holdings Limited is the ASX-registered traded entity. Regional Express Pty Limited and Regional Express Pty Limited are bound by both ownership and deeds of cross guarantee.
Where's the separation?
Jet ops are under Rex Airlines Pty limited as a subsidiary while saab operations are part pf Regional express Pty limited.
Not saying it means much, but they're supposed to be separate