Rex in Trading hold
They're also asking people to work for free!/
can only comment on SA but on about all routes they fly there is alternatives. Usually bus. So stuff them. They are not an essential service so why should the taxpayer subsidize them?
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If the four square metres per person applies to a bus then I doubt 8 or 10 passengers on one would make it worthwhile for an operator.
I see in 'Aviation News' that REX is now asking for a subsidy to carry 'Virus Tests'.....otherwise they won't be able to..??
Personally.... How many Virus tests do you rekkon would fit into a Chartered C-210 to carry xx 'Eskys' full of them...???
Good ask I rekkon.
Cheeerrrsss
Personally.... How many Virus tests do you rekkon would fit into a Chartered C-210 to carry xx 'Eskys' full of them...???
Good ask I rekkon.
Cheeerrrsss
"It would appear the Federal Government is intending to make certain announcements over the weekend.
In the light of that, Rex will only be making a public announcement of its plans after studying the Federal Government plans over the weekend. In the absence of any announcement by the Federal Government, Rex will issue a media release after Federal Government’s announcement concerning its plans for shutdown.
This announcement is authorised by Lim Kim Hai, Executive Chairman, Regional Express Holdings Limited."
LKH obviously didn't proof read the last sentence of the second para, but I guess it's meant to be a threat.
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Why not support the Company with government funds, this helps keep as many people as possible employed, a stated aim of ScoMo. However, no free handouts. Whatever amount is provided must give the government (Taxpayer) a shareholding in the company in proportion to the total paid-up capital of the Company. Once the Wuhan virus crisis is over those government/taxpayer shares can be sold on the market.
This action would do as LKH asks, support the Company but would ensure the people providing the money share in the outcome, not just LKH.
This action would do as LKH asks, support the Company but would ensure the people providing the money share in the outcome, not just LKH.
Why not support the Company with government funds, this helps keep as many people as possible employed, a stated aim of ScoMo. However, no free handouts. Whatever amount is provided must give the government (Taxpayer) a shareholding in the company in proportion to the total paid-up capital of the Company. Once the Wuhan virus crisis is over those government/taxpayer shares can be sold on the market.
This action would do as LKH asks, support the Company but would ensure the people providing the money share in the outcome, not just LKH.
This action would do as LKH asks, support the Company but would ensure the people providing the money share in the outcome, not just LKH.
"There Ya Go".......
McCormack announcing this morning from 'Wagga, the Home Of Rex' - as he called it, an injection of $198Million into 'Regional Aviation'....for all of the right reasons.
To keep the industry going with all of the ongoing benefits - my words there.
GOOD news for the REX crews and ground staff!!
I have no doubt the interview / announcement will be repeated on all channels. particularly in NSW......
Cheers
McCormack announcing this morning from 'Wagga, the Home Of Rex' - as he called it, an injection of $198Million into 'Regional Aviation'....for all of the right reasons.
To keep the industry going with all of the ongoing benefits - my words there.
GOOD news for the REX crews and ground staff!!
I have no doubt the interview / announcement will be repeated on all channels. particularly in NSW......
Cheers
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Additional new support for critical regional aviation services through COVID-19
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I have no issue with financial assistance to any organisation during a crisis such as this as long as it is transparent, there are accountabilities and there are valid reasons. The 2008 GFC was a joke as every second company put up its hand for a taxpayer bailout, often they didn’t need it or the issues were cUsed prior to the GFC. If the reasons are genuine then the companies should provide a statement of corporate intent that provides details on how they will spend the taxpayer money (in detail) and also provide detail of how there will be no executive bonuses or additional payments to executives or shareholders and executives will also take a 50% reduction in remuneration for a minimum 12 to 24 months. Otherwise all we, the Australian taxpayer are doing is ensuring that executive grubs keep receiving their outrageous payments. They can take a hit to the pocket like the rest of us.
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Regional Express secures more funding to increase flights to regional airports
"Sharpie" is all-over this gig........
Ex ABC link here: https://www.abc.net.au/news/2020-04-...rvice/12196374
Rgds
S28- BE
Ex ABC link here: https://www.abc.net.au/news/2020-04-...rvice/12196374
Rgds
S28- BE
