I smell a rat here VH-XXX.
The move out of Mangalore is definitely on the cards. Whether the Cadet program actually arrives in Wagga Wagga, well...?
Rex are bottom heavy with pilots. The reduced January schedule has resulted in a true "surplus" of pilots including Captains!!! As virtually all of REX A/C are fully owned, then having them in the air less, and with a solid load factor (as has been the case in recent weeks) means that the imperative to return to an expanded (normal) schedule just may not be there. See where we are going here?
I reckon LKH is about to lower the boom on the Cadet program. He already has too many drivers, and with the major airlines defering their recruitment, he can afford the luxury of not having to compete for labour.
As the vast majority of REX routes are monopolies, with absolutely no-one in a position to compete, it will mean that most ports will now be offered say 4 even 2 flights a day instead of 6. If you want to fly, then you had better line up early to grab what seats are available. No more crewing issues (in the short term at least) and load factors that are a been counters dream.
As for the bottom 20 or so on the seniority list, well that's life boys and girls. Rex will not hesitate to cut you loose as soon as it suits them!