REX to transition to ATRs, start domestic jet ops

[KRUSTY 34]

Originally Posted by gamma69

Careful boys n girls doing PIA, you will be branded a bully and trouble maker! No promotions onto the C&T team if thats what your looking for. Speaking from first hand experience.

Ha!

Nice wind up Dude.

[Paragraph377]

Originally Posted by Bull_Shark

Ronald Bartsch - 400,000 Rex Shares

But but isn’t Ron ex-Qantas? Surely Kim wouldn’t want Ron on the Board, being an ex Qantas employee? I mean if the AFAP President is a risk, then wouldn’t Ron be a risk as well?

It must be almost time for Sharp to do another tv interview moaning and whining about how poor old REX is hard done by.

[Paragraph377]

Originally Posted by Lead Balloon

That solves one mystery for me. I wondered where Ron Bartsch ended up, after his 'thankyou' appointment as a member of the AAT expired. He seemed to me to spend an unusual amount of time writing errata to his AAT decisions.

Nobody really takes him seriously. He has ridden others coattails and used slippery marketing techniques to promote himself as being the font of all things aviation. His circus tricks dazzle some people, but not all. There are other much smarter and more noteworthy aviation business and safety experts (that excludes GT) that are worth listening to.

.

[Head in the Cloud]

Does anyone know what was offered by the company?

[Ladloy]

Originally Posted by Head in the Cloud

Does anyone know what was offered by the company?

5% for the last 4 years, 2.5% from July. No backpay for the 3-4 years of expiry and a 5k bonus upon the group reaching 5 mil profit (includes jet ops)

[SOSIJ]

• A salary increase of 5.1% on base salary, effective from 1 July 2022.
• A further salary increase of 2.5% up to a maximum of 3% based on CPI, on 1 July 2023.
• A one-off payment of $5000 payable when Regional Express Holdings Limited reaches $5 million profit
• A further one-off payment of $5000 in 2026 if the company is profitable at that time, payable to those employed pre-COVID (date to be determined).
• An offer to discuss how those one-off payments might be distributed.

[Head in the Cloud]

Originally Posted by SOSIJ

• A salary increase of 5.1% on base salary, effective from 1 July 2022.
• A further salary increase of 2.5% up to a maximum of 3% based on CPI, on 1 July 2023.
• A one-off payment of $5000 payable when Regional Express Holdings Limited reaches $5 million profit
• A further one-off payment of $5000 in 2026 if the company is profitable at that time, payable to those employed pre-COVID (date to be determined).
• An offer to discuss how those one-off payments might be distributed.

2026?

And no back pay, how can they say it's better than the QLink which was signed during the pandemic?

Be interesting to see if they come to the party.

[puff]

Am I missing something about JSs comment about AFAP agreeing to the Qlink EBA of 2% per year being a worse deal than he's offering.

Wasn't the Rex EBA dead in 2018 - making it 4 years expired when the Q link EBA wasn't expired?
Meaning that to be equal to the QF offer, it would have to have been an 8% rise (they have offered 5.1%), and thats not factoring in the current 5% plus inflation?

So it's at least 3% worse than the Qlink offer, or 2% if they end up with 3% in 2023 vs Qs 2%?

[MickG0105]

Originally Posted by Ladloy

5% for the last 4 years, 2.5% from July. No backpay for the 3-4 years of expiry and a 5k bonus upon the group reaching 5 mil profit (includes jet ops)

A quick clarification please; have there been no pay increases at all for Rex pilots since the last EB 2.5 percent increase back in July 2018?

[Ladloy]

Originally Posted by MickG0105

A quick clarification please; have there been no pay increases at all for Rex pilots since the last EB 2.5 percent increase back in July 2018?

that's correct

[assasin]

Originally Posted by puff

Am I missing something about JSs comment about AFAP agreeing to the Qlink EBA of 2% per year being a worse deal than he's offering.

Wasn't the Rex EBA dead in 2018 - making it 4 years expired when the Q link EBA wasn't expired?
Meaning that to be equal to the QF offer, it would have to have been an 8% rise (they have offered 5.1%), and thats not factoring in the current 5% plus inflation?

So it's at least 3% worse than the Qlink offer, or 2% if they end up with 3% in 2023 vs Qs 2%?

This accounting by JS is probably exactly how he “mistakenly” claimed entitlements that were fudged in the travel rorts affair 1997.

http://webarchive.loc.gov/all/200906..._Report_23.pdf

[Paragraph377]

Originally Posted by assasin

This accounting by JS is probably exactly how he mistakenly claimed entitlements that were fudged in the travel rorts affair 1997.

http://webarchive.loc.gov/all/200906..._Report_23.pdf

And even after getting nailed for his rorting activities the pathetic Australian Government rewarded their ‘mate’ Sharpie with an AM. What a joke.

I wonder how much John’s share portfolio has increased in size and value since 2018?

[MickG0105]

Originally Posted by Ladloy

that's correct

Thanks for that.

Just back of the napkin, CPI alone from 1 July 2018 to 1 July 2022 will be over 10 percent. Puts the 5.1 percent on offer in perspective.

The salary forgone number will be substantial - if you were to just apply CPI as the pay escalator that has been foregone because of the stalled EBA, the de facto pay freeze will have generated the equivalent of around 19 percent of your 2018 salary in aggregate foregone wages. The absence of any sort of back pay in the Rex offer needs to be lined up against that.

Notably, for comparison, between June 2018 and June 2021 Sharpie's base pay rose by over 29 percent.

Who was meant to be spitting in whom's eye?

[transition_alt]

Originally Posted by MickG0105

Thanks for that.

Just back of the napkin, CPI alone from 1 July 2018 to 1 July 2022 will be over 10 percent. Puts the 5.1 percent on offer in perspective.

The salary forgone number will be substantial - if you were to just apply CPI as the pay escalator that has been foregone because of the stalled EBA, the de facto pay freeze will have generated the equivalent of around 19 percent of your 2018 salary in aggregate foregone wages. The absence of any sort of back pay in the Rex offer needs to be lined up against that.

Notably, for comparison, between June 2018 and June 2021 Sharpie's base pay rose by over 29 percent.

Who was meant to be spitting in whom's eye?

Worth noting with the above that Rex are claiming the “back pay” they are offering will close the missing pay gap. Which it obviously will not as it’s a one off payment if the pilots happen to be employed there in 4 years (ha). Quite a significant real loss of salary for these poor blokes.

I thought we were hard done by in my airlines pay “deal” but this is diabolical.

[Ladloy]

Originally Posted by transition_alt

Worth noting with the above that Rex are claiming the “back pay” they are offering will close the missing pay gap. Which it obviously will not as it’s a one off payment if the pilots happen to be employed there in 4 years (ha). Quite a significant real loss of salary for these poor blokes.

I thought we were hard done by in my airlines pay “deal” but this is diabolical.

The backpay clause which is spruiked by the union is a certain percentage of your total income since 2018, paid in yearly instalments for 3 years but if you leave the company it's paid out instantly.

[MickG0105]

Originally Posted by transition_alt

Worth noting with the above that Rex are claiming the “back pay” they are offering will close the missing pay gap.

That's complete and utter nonsense. Back-of-the-napkin, a 5yr FO would have foregone between $6,000 - $11,000 in lost salary because of the de facto pay freeze, depending on what you apply as the missing annual escalator (the lower figure assumes CPI, the higher is 2.5 percent per annum). $5,000 at some future date, contingent on profitability (which means no time soon), most assuredly does not close that gap.

Any idea how many pilots (Captains and FOs) Rex has? It would be interesting to see how much money Rex has saved in wages because of the stalled EBA. It would have to run to a few million.

[273Kelvin]

Originally Posted by MickG0105

Any idea how many pilots (Captains and FOs) Rex has? It would be interesting to see how much money Rex has saved in wages because of the stalled EBA. It would have to run to a few million.

307 on the latest seniority.

[Pastor of Muppets]

What’s the plan? That prop fleet is looking more and more like a museum flight of Convairs.

[FO NappyBum]

Originally Posted by Pastor of Muppets

What’s the plan? That prop fleet is looking more and more like a museum flight of Convairs.

Q400’s I’ve heard to operate under the brand name “GypsyLink”

[SHVC]

I’m sure JS will have plenty to blow up about today when he signs on. Article in todays Australian, QF has been cleared of all predatory behavior by ACCC from complaints by Rex. If you want the Australian article pay for it.