Originally Posted by
Icarus2001
I am not a fan of the place but I will defend this decision. When Virgin went under, it was entirely possible that was the end for them. Rex saw a huge opportunity and took it. They were hoping to pull off what Virgin did when Ansett collapsed. Small operator suddenly becomes the second airline. Huge risk and looking at their lack of organisation probably they would have made a hash of it. However I think I would have taken the same risk with a caveat being that I would want a solid plan b. This is where they have not done so well.
It appears they took their eyes off the money making Saab operation.
Yes, but when Bain rode in and saved VA, REX still had several months to pull out of the deal with PAG. In fact the very reason for the whole expansion into domestic Jet Operations (as you have correctly observed) was predicated on the demise of Virgin Australia. When that didn't come to pass, what did REX do?