VA/Rex/Tiger August announcements???
Join Date: Jun 2005
Location: AWOL from YWOL
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REX ATR?
Rex to operate the ATR with Virgin pilots on virgin eba along side Rex crews to gain exposure to ATR ops as a precursor to moving to ATR 42s as Saab replacement. Rex to pull out of competitive routes with qlink, run VA ATR against and move extra Saab’s north to Darwin to put the hurt on Airnorth.
Do Rex compete with Virgin on any routes atm?
3 or 4 routes.
The ATR is way to big for the majority of Rex’s network which relies on low capital investment in old aircraft for what is minimal demand in many markets.
John tried the ATR right around the regional landscape how’d that work out?
The ATR is way to big for the majority of Rex’s network which relies on low capital investment in old aircraft for what is minimal demand in many markets.
John tried the ATR right around the regional landscape how’d that work out?
Join Date: Apr 2001
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https://australianaviation.com.au/2018/02/__trashed-12/
Makes me think of feckin eejit.... readen some of this...
The ATR42 seems to be better suited for a Saab340 replacement.
https://australianaviation.com.au/2018/02/__trashed-12/
https://australianaviation.com.au/2018/02/__trashed-12/
Virgin shares currently 16 cents. Pity those who bought in at over a $1 and then saw nothing in return but watched while billions were wasted and millions went in bonuses to the previous CEO.
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Turkish?! No way. A more likely announcement would be bye bye to the public listing and then one of the owners taking full control. And of them, there's only one where there has been no noise about them wanting to sell out!
That said carrier has lodged a $32m~ loss in its full year results last month for its shareholding in this mob so it looks like a 150-200m loss will be revealed next week.
With I assume a raft of emergency measures to arrest this financial mess and debt growing by the month. I’d expect some tough calls made on this business next week.
With I assume a raft of emergency measures to arrest this financial mess and debt growing by the month. I’d expect some tough calls made on this business next week.
wishful thinking; what is the incentive in full control?
Full control means responsibility for the results.
Partial ownership means terms that suit your existing business. IE no compete on profitable existing routes.
Which is is why no major carrier will become a major shareholder. They’ll just stick to a reduced percentile to keep a voice on the board that suits their agenda.
Partial ownership means terms that suit your existing business. IE no compete on profitable existing routes.
Which is is why no major carrier will become a major shareholder. They’ll just stick to a reduced percentile to keep a voice on the board that suits their agenda.