REX to transition to ATRs, start domestic jet ops
There are now 4 categories of airports as far as security goes. The change happened a few years ago.
AVIATION TRANSPORT SECURITY REGULATIONS 2005 - REG 3.01B Categories of security controlled airports
Can't find where they are defined but I believe it has something do with annual passenger numbers.
QLink in QLD routinely operate their Q400's into ports which are deemed 'unscreened' and the passengers are bussed to a specific gate in BNE where they exit the terminal directly to a landside location.
AVIATION TRANSPORT SECURITY REGULATIONS 2005 - REG 3.01B Categories of security controlled airports
Can't find where they are defined but I believe it has something do with annual passenger numbers.
QLink in QLD routinely operate their Q400's into ports which are deemed 'unscreened' and the passengers are bussed to a specific gate in BNE where they exit the terminal directly to a landside location.
4.02 Meaning of screened air service
(2) An operation of an aircraft is a screened air service if:
(a) all of the following apply in relation to the operation:
(i) the operation is a regular public transport operation or an open charter operation;
(ii) the aircraft has a seating capacity of 40 or more persons;
(iii) the operation operates from a designated airport or a tier 1 or tier 2 security controlled airport; or
(b) all of the following apply in relation to the operation:
(i) the operation operates from a designated airport;
(ii) the aircraft departs from the same apron as an aircraft (the other aircraft) that is operating a screened air service to which paragraph (a) applies;
(iii) the aircraft is scheduled to depart within the operational period of the other aircraft.
(3) For subregulation (2):
apron, for an airport, means an apron described in the document accompanying the TSP of an operator of a security controlled airport in accordance with subregulation 2.13(1B).
Looks to me like the only way in which an RPT or open charter operation in an aircraft with a seating capacity of 40 or more persons can escape being a 'screened air service' is if it operates from an airport that is neither a designated nor Tier 1 nor Tier 2 nor Tier 3 security controlled airport. (But, as with most of aviation in Australia, there are probably exemptions buried somewhere.)
(2) An operation of an aircraft is a screened air service if:
(a) all of the following apply in relation to the operation:
(i) the operation is a regular public transport operation or an open charter operation;
(ii) the aircraft has a seating capacity of 40 or more persons;
(iii) the operation operates from a designated airport or a tier 1 or tier 2 security controlled airport; or
(b) all of the following apply in relation to the operation:
(i) the operation operates from a designated airport;
(ii) the aircraft departs from the same apron as an aircraft (the other aircraft) that is operating a screened air service to which paragraph (a) applies;
(iii) the aircraft is scheduled to depart within the operational period of the other aircraft.
(3) For subregulation (2):
apron, for an airport, means an apron described in the document accompanying the TSP of an operator of a security controlled airport in accordance with subregulation 2.13(1B).
Looks to me like the only way in which an RPT or open charter operation in an aircraft with a seating capacity of 40 or more persons can escape being a 'screened air service' is if it operates from an airport that is neither a designated nor Tier 1 nor Tier 2 nor Tier 3 security controlled airport. (But, as with most of aviation in Australia, there are probably exemptions buried somewhere.)
There are now 4 categories of airports as far as security goes. The change happened a few years ago.
AVIATION TRANSPORT SECURITY REGULATIONS 2005 - REG 3.01B Categories of security controlled airports
Can't find where they are defined but I believe it has something do with annual passenger numbers.
QLink in QLD routinely operate their Q400's into ports which are deemed 'unscreened' and the passengers are bussed to a specific gate in BNE where they exit the terminal directly to a landside location.
AVIATION TRANSPORT SECURITY REGULATIONS 2005 - REG 3.01B Categories of security controlled airports
Can't find where they are defined but I believe it has something do with annual passenger numbers.
QLink in QLD routinely operate their Q400's into ports which are deemed 'unscreened' and the passengers are bussed to a specific gate in BNE where they exit the terminal directly to a landside location.
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Oh gawwd this security crap has been discussed for years. It's beyond irritating. Leave it to the boffins in the office. It's as annoying as being felched and having my pen dismantled at the screening point.
https://www.theaustralian.com.au/bus...6b399ca596?amp
Rex has called a halt to trading on the ASX pending an announcement by the airline, which currently has a third of its regional fleet parked.19 of Rex’s 58 Saab 340s are out of action, which deputy chairman John Sharp attributed to logistics and supply issues.
The number of aircraft on the ground has steadily increased since Rex announced a reduction in regional services in late April.
At the time, a chronic pilot shortage and supply chain disruption were blamed for the cuts, affecting routes in remote parts of Queensland, NSW, Victoria and South Australia.
Services were expected to be reinstated in late June, but no further update has been forthcoming.
Mr Sharp confirmed the airline was continuing to face challenges, that were keeping a significant number of Saab 340s parked.
The airline’s fleet of seven Boeing 737s remained operational, with one currently undergoing routine maintenance.
Two more 737s were due to be added to the fleet in June and July, increasing operational resilience and allowing new daily flights between Adelaide and Sydney to begin at month’s end.
At Rex’s half year results, the airline said regional operations had been a “drag” on the group’s financial performance but were expected to return to profit by the end of March.
No further guidance has been provided since then.
Rex shares last traded at $1.21, down from a high of $2.06 in late 2020 when the airline unveiled plans to expand onto major city routes with the backing of investment firm PAG.
Under the deal, PAG was to provide Rex with up to $150m to support the jet operations.
Once the full amount was drawn down by Rex, PAG would hold a 48 per cent stake in the carrier, which entitled the firm to two board seats.
Rex has called a halt to trading on the ASX pending an announcement by the airline, which currently has a third of its regional fleet parked.19 of Rex’s 58 Saab 340s are out of action, which deputy chairman John Sharp attributed to logistics and supply issues.
The number of aircraft on the ground has steadily increased since Rex announced a reduction in regional services in late April.
At the time, a chronic pilot shortage and supply chain disruption were blamed for the cuts, affecting routes in remote parts of Queensland, NSW, Victoria and South Australia.
Services were expected to be reinstated in late June, but no further update has been forthcoming.
Mr Sharp confirmed the airline was continuing to face challenges, that were keeping a significant number of Saab 340s parked.
The airline’s fleet of seven Boeing 737s remained operational, with one currently undergoing routine maintenance.
Two more 737s were due to be added to the fleet in June and July, increasing operational resilience and allowing new daily flights between Adelaide and Sydney to begin at month’s end.
At Rex’s half year results, the airline said regional operations had been a “drag” on the group’s financial performance but were expected to return to profit by the end of March.
No further guidance has been provided since then.
Rex shares last traded at $1.21, down from a high of $2.06 in late 2020 when the airline unveiled plans to expand onto major city routes with the backing of investment firm PAG.
Under the deal, PAG was to provide Rex with up to $150m to support the jet operations.
Once the full amount was drawn down by Rex, PAG would hold a 48 per cent stake in the carrier, which entitled the firm to two board seats.
Yeah... Pilot shortage. Shortage of people wanting to take a pineapple. This company is deserving of everything it gets.
Last I heard the terms of the cadet course had changed to 9 years and total cost close to 200k!!
Last I heard the terms of the cadet course had changed to 9 years and total cost close to 200k!!
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A trading halt. Hilarious. What happens one minute after the market opens on Wednesday? The market reacts to the announcement which caused the trading halt. No way to avoid a market reaction. You can tell lies to the media all day long but the share market finds its own reality.
Good luck.
Good luck.
A trading halt. Hilarious. What happens one minute after the market opens on Wednesday? The market reacts to the announcement which caused the trading halt. No way to avoid a market reaction. You can tell lies to the media all day long but the share market finds its own reality.
Good luck.
Good luck.
A trading halt. Hilarious. What happens one minute after the market opens on Wednesday? The market reacts to the announcement which caused the trading halt. No way to avoid a market reaction. You can tell lies to the media all day long but the share market finds its own reality.
Good luck.
Good luck.
So their "guidance" wasn't quite accurate, and now forecasting a $35mill loss (and given only the SAABs got a mention as being pre-tax profitable, who knows how poorly the 737 operations are going).
Also, wouldn't the loss be half their entire revenue?
Also much love for their media department contact being a regular mobile number haha
https://cdn-api.markitdigital.com/ap...df02a206a39ff4
Also, wouldn't the loss be half their entire revenue?
Also much love for their media department contact being a regular mobile number haha
https://cdn-api.markitdigital.com/ap...df02a206a39ff4
So their "guidance" wasn't quite accurate, and now forecasting a $35mill loss (and given only the SAABs got a mention as being pre-tax profitable, who knows how poorly the 737 operations are going).
Also, wouldn't the loss be half their entire revenue?
Also much love for their media department contact being a regular mobile number haha
https://cdn-api.markitdigital.com/ap...df02a206a39ff4
Also, wouldn't the loss be half their entire revenue?
Also much love for their media department contact being a regular mobile number haha
https://cdn-api.markitdigital.com/ap...df02a206a39ff4
Between September to January they had been giving the market monthly (pre tax/unaudited) jet profit numbers, that has since stopped, so one could assume the profit has also since dried up. Operating a small fleet of 737s is extremely vulnerable to cost blowouts at anytime of the year, be it engineering, weather, spare parts, staffing, training and so forth.
Rex need to start making some big decisions about who they want to be, and where they want to go in the long run. Amateur hour is now over, the current regime running it appears not fit for where they are going.
Rex need to start making some big decisions about who they want to be, and where they want to go in the long run. Amateur hour is now over, the current regime running it appears not fit for where they are going.
To be fair QF made $2 billion because it had that much paid by customers for flights before covid that were not used, and now in the last year they charged them again using the excuse flights were full and they had to pay more for the same flights. Goes to show how lame our consumer protections are in this country, that and the dismal protection for disrupted/cancelled travel.
If Rex can't turn a profit under the current conditions, then there is something fundamentally wrong with their business model. They reckon that their regional revenue is better than in FY2019, and for month after month they spruiked announcements headlined Rex's Record Domestic Performance (September 2022) and Rex Announces Increased Profitability (January 2023). They should end the FY with about $640 million in revenue and still end up losing $35 million. The fact that they're trying to fob off a drop in business travel over May - June on "corporate travel budgets being exhausted following exponential increases of international fares" tells you pretty much everything you need to know about their grasp of the market and their business culture.
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This is a fine example of a press release being published as if it were news…
https://www.abc.net.au/news/2023-06-...sses/102503130
https://www.abc.net.au/news/2023-06-...sses/102503130
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There is always some business owner lamenting a labour shortage when in fact they are really complaining about the abolishment of slavery and the free market for labour.
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