The pickle here is that Rex is not profitable. As such, they will continue to go cap in hand to the Federal government for regular taxpayer injections just to keep it afloat.
Catherine King has already stated unequivocally that “Rex is too important to fail”. Anyone with half a brain knows that’s just political spin. it’s spin the Federal government, has however decided to be the hill on which they are prepared to die on. As long as that’s the case, the taxpayer will continue to be on the hook.
By Air T’s own admission, Rex cannot be profitable until they put another 17 aircraft back in service. Without going into the detail of the sheer fantasy of that statement, it’s safe to say that has not, and will not happen. Short of the Federal Government nationalising Rex, what’s the next step?
I reckon the Government, Air T, and most certainly the incompetent management of Rex, do not have first bloody clue!