For the record, I just tried to have the following posted as a comment on The Australian under their
All options open for Rex but ALP wants say story;
It is probably high time for someone to focus on the incompetent management and board dysfunction at Rex that led to this corporate disaster. That crew came up with the highly risky idea of launching jet operations, that was then poorly planned, and incompetently executed.
Warning bells have been ringing for a year or more. Anyone who took the time to look at the details in Rex's financial reporting and do just a modicum of digging, could see a bad situation getting progressively worse.
Where is the fellow who conceived, planned and delivered this largely unmitigated disaster, the recently deposed executive chairman and CEO, Lim Kim Hai? Many of us remember that back in 2020, within just a few weeks of Virgin having entered administration with Deloitte, LKH was quite happy to provide the AFR with his views on how poorly managed Virgin had been, and what a bad job Deloitte were doing as administrators. Any words of introspection or contrition regarding his own mismanagement?
And where is Rex’s typically garrulous front man, current executive chairman John Sharp? Many of us remember Mr Sharp's 2021 pronouncement, “There has never been a better time to launch a domestic airline.”
And doubtless, as Qantas plays its part in getting stranded Rex passengers to their destinations, there would be a few Qantas executives who remember Mr Sharp's repeated and generally baseless criticisms of Qantas; his June 2021 claim that "On face value Qantas is technically insolvent ... Its unencumbered cash is insufficient to refund the tickets that are eligible for a refund" certainly must be invoking thoughts of shoes and feet, of geese and ganders.
When are those two fellows, and the rest of the Rex board, going to be held to account?
REJECTED inside of a minute, something of a record I think.