I’d imagine the investor would like to see them have a solid crack at the market for 12-24 months before making any calls on it. They really have only had a month or two without any lockdowns.
Whilst 2022 will be ‘getting back on track’ 2023 will be the year to see where this is going. That’s also the timeframe when Virgin and Jetstar starting taking Max’s and Neo’s, so not sure if Rex will ever find any stability in its ‘niche’, with the competition adding capacity every month.
Jayne seems pretty firm on her 33% which will be another problem.