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REX to transition to ATRs, start domestic jet ops

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REX to transition to ATRs, start domestic jet ops

Old 15th Aug 2023, 06:33
  #2361 (permalink)  
 
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Talking

Originally Posted by Traffic_Is_Er_Was
I think those are the ones waiting for the electric engines. That will be the gig to bid for. Fly one max range sector, plug the charge cable in, and ride your pushbike back home.
#winsinternet
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Old 15th Aug 2023, 08:08
  #2362 (permalink)  
 
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Originally Posted by CorporalElectric
That must be costing a fortune. According to Flightaware some of that parked fleet last flew in 2022.
Doesnt cost much when your not paying leases, and airport parking for planes is much cheaper than cars!
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Old 15th Aug 2023, 08:37
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The SAAB 340 uses the same Engine as the Blackhawk Helicopter, the production line is stretched to the max for the Blackhawk and Rex is having trouble sourcing spares and even servicing their Engines……
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Old 15th Aug 2023, 11:31
  #2364 (permalink)  
 
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How on earth did this happen?

https://www.abc.net.au/news/2023-08-...utes/102733156
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Old 15th Aug 2023, 12:29
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Originally Posted by anito4a
“•The regional provider was the only airline to tender for contracts for a number of the routes across regional WA”
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Old 15th Aug 2023, 23:31
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Originally Posted by markis10
Doesnt cost much when your not paying leases, and airport parking for planes is much cheaper than cars!
True.

Sad, but true.
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Old 15th Aug 2023, 23:34
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Originally Posted by ACMS
The SAAB 340 uses the same Engine as the Blackhawk Helicopter, the production line is stretched to the max for the Blackhawk and Rex is having trouble sourcing spares and even servicing their Engines……
Should have stayed with the GE Engine Care Maintenace Program (ECMP) perhaps?
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Old 16th Aug 2023, 01:34
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Rex will be looking to do some serious key jangling ahead of the disclosure of their FY23 financials.

They have put out three media releases in the last seven days (Chinese trainees, partnering with Enterprise for the Antarctic tender, and the WA regulated routes tender). Those releases have either been ignored or picked up by only a handful of outlets (apparently Rex were quite affronted by the notion that one outlet wanted to discuss Rex's pilot shortage problem instead of just running a fluff piece on the return of Chinese cadets to their academy). In any event, none of the media releases have moved their share price from their current quite parlous levels.

Given what are going to be some pretty ordinary results (their passenger revenue and retained earnings lines will make for interesting reading, as will the inclusion (or otherwise) of an imputed facility fee amortisation line), share price is critical for them. Because their deal with PAG has a $1.50 strike price for the convertible notes, any time that Rex want to draw further funds from PAG when the share price is under $1.50 means that Rex are on the hook for the difference between the share price and the strike price.

Through late June and July, Rex made a series of announcements - new routes, Skytrax award, new jets, new base for NJE, Antarctic tender, new jets again - doubtless hoping to give the old share price a kick along. Then, at the end of July, they very quietly drew down a further $5 million from the PAG kitty. The average share price in the two weeks ahead of the draw down was around $1.13 (it had been as low as $1.05 only a week or so prior).

There has been a hint of glimpse of the makings of the suggestion of the possibility of an upturn in the domestic jet numbers over the last seven days. I would not be in the least surprised if that is woven into a pronouncement about a forecast impending return to profitability for domestic in September. As the Zen Master was fond of saying, "We'll see."
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Old 16th Aug 2023, 07:04
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I see Rex (through NJE) are using Dash 8-400 aircraft to fly to CVQ starting from November.
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Old 16th Aug 2023, 11:18
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Originally Posted by Saintly
I see Rex (through NJE) are using Dash 8-400 aircraft to fly to CVQ starting from November.
Where do you see that being mentioned? Any mention of the E190 being used for RPT?
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Old 16th Aug 2023, 12:43
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Originally Posted by smiling monkey
Where do you see that being mentioned?
It shows on the Rex booking engine. Mondays, Wednesdays and Fridays have the Q400 scheduled.
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Old 16th Aug 2023, 13:29
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Originally Posted by smiling monkey
Where do you see that being mentioned? Any mention of the E190 being used for RPT?
Not sure. Maybe the Dash 8-400 will be used on the ALH and EPR routes.
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Old 16th Aug 2023, 22:32
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Originally Posted by regional_flyer
It shows on the Rex booking engine. Mondays, Wednesdays and Fridays have the Q400 scheduled.
It looks like Rex are swapping out their usual morning Saab run (ZL2416/2417) for a Q400 run (ZL2532/2533) on those days.

As an aside, booking two months in advance, there are some absolutely eye-watering fares that the punters are being slugged with. Between $408 - $612 one way.
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Old 18th Aug 2023, 08:55
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When does the YMML - YMHB start?
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Old 18th Aug 2023, 10:06
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Originally Posted by MickG0105
It looks like Rex are swapping out their usual morning Saab run (ZL2416/2417) for a Q400 run (ZL2532/2533) on those days.

As an aside, booking two months in advance, there are some absolutely eye-watering fares that the punters are being slugged with. Between $408 - $612 one way.
Aren't these meant to be WA government subsidised flights and therefore be at an affordable ticket price?
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Old 18th Aug 2023, 10:22
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Originally Posted by anito4a
Aren't these meant to be WA government subsidised flights and therefore be at an affordable ticket price?
The reason why Perth to Bali is such a big market is flying Perth to anywhere else are some of the highest airfares in the world. Perth to Broome is about $1k return for the coming months. Bonza, where are you?
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Old 18th Aug 2023, 11:50
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Originally Posted by Stationair8
When does the YMML - YMHB start?
Started yesterday (Aug 17th).
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Old 19th Aug 2023, 07:07
  #2378 (permalink)  
 
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When are the ATRs turning up?
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Old 19th Aug 2023, 07:15
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Originally Posted by ResumeOwnNav
When are the ATRs turning up?
Probably after the creditors meeting.
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Old 19th Aug 2023, 08:57
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Their share price is taking a flogging now. Maybe sharpie needs to release daily ASX updates again.
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