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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 22nd Sep 2020, 23:36
  #281 (permalink)  
 
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Take away COVID and the economic fundamentals are extremely good. The bounce back will be aggressive.
You can’t simply ‘Take away COVID’, and COVID is going to have long-term adverse economic consequences.

No rapid rebound as four-year budget to suffer $553bn hit

The Australian - Page 4 : 23 September 2020
Original article by Adam Creighton

Roy Morgan Summary

AMP Capital's chief economist Shane Oliver expects the federal government to post a combined Budget deficit of $529bn over the four financial years to June 2023. He has also forecast that gross federal public debt will rise from 34 per cent of GDP to 54 per cent over this period; he warns that public debt in Australia and other developed countries may remain relatively high for some time in the wake of the coronavirus pandemic. Oliver anticipates a budget deficit of $230bn for the current financial year. The government had forecast a surplus of $6.1bn in its mid-year economic and fiscal outlook in December.

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Old 23rd Sep 2020, 01:10
  #282 (permalink)  
 
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You can’t simply ‘Take away COVID’, and COVID is going to have long-term adverse economic consequences.
I wasn’t referring to magically removing COVID, but the Australian economy was also never destined to go into recession territory before COVID came along.

The deficit is circumstantial and, while it will take a long time to pay off, consumer confidence won’t be damaged by this. Confidence will return as soon as restrictions lift.

Mining in and of itself is not a bad thing to have an economy based on, same as tourism. I think the major issue we have is that Australia has massive holes in its Industrial diversity. We need manufacturing.

Anyway we digress. I feel Rex is about to have its arse handed to it by a monopoly minded Qantas.
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Old 23rd Sep 2020, 12:50
  #283 (permalink)  
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23 SEPTEMBER 2020 MEDIA RELEASE REX

UPDATE ON REGIONAL ROUTES ABANDONED BY VIRGIN AUSTRALIA

Following Rex’s call for Expressions of Interest (EOI) from communities which have been abandoned by Virgin Australia, Rex today reports that it has been progressing discussions with several cities including Geraldton, Port Macquarie and Canberra.
Canberra? Which Canberra routes did Virgin abandon?
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Old 23rd Sep 2020, 12:59
  #284 (permalink)  
 
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The only one that was cut was Tiger Canberra-Melbourne/Brisbane.

I would have thought Jetstar might have entered that one as they did state in the past they wouldn’t consider it while Tiger was twice a day.
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Old 25th Sep 2020, 06:10
  #285 (permalink)  
 
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Looks like Executive Traveller has blown the doors off Rex's capital network plans. The website got hold of the investor proposal for what Rex is calling Project Mother which outlines pricing, Stage One and Stage Two routes, and EBA at -10% JQ because “pilots and engineers will also be queuing at the door": https://www.executivetraveller.com/n...rgin-australia
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Old 25th Sep 2020, 06:27
  #286 (permalink)  
 
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“Salary expectations will also be very constrained and a fresh EBA (enterprise bargaining agreement) will get rid of the decades of accumulated entitlements.”
I see the attitude hasn’t changed over the years at this operator.

It will come back to haunt them in the medium to long term when the world accelerates again and, well nobody wants to work for this bottom feeding operation when jobs are in easy reach. That day will return. In the meantime they will get hundreds of applicants.

Last edited by wheels_down; 25th Sep 2020 at 10:17.
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Old 25th Sep 2020, 23:12
  #287 (permalink)  
 
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“Salary expectations will also be very constrained and a fresh EBA (enterprise bargaining agreement) will get rid of the decades of accumulated entitlements.”
Don’t get killed in the rush as anyone with a hard-on and a CPL rushes to accept those terms just to fly a jet.
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Old 26th Sep 2020, 03:29
  #288 (permalink)  
 
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Originally Posted by MelbourneFlyer View Post
and EBA at -10% JQ because “pilots and engineers will also be queuing at the door": https://www.executivetraveller.com/n...rgin-australia
If calculated on the total package, 10% off the JQ EBA is not such a bad deal. In the current situation it would be a good deal. There will plenty who will grab that. Those who have had a taste of life in the sandpit or other 'exotic' overseas locations and been burned by uncaring employers will be forever grateful if they can land such a deal back home.
But EBA minus 10% alone won't give Rex the cost savings they will need to be competitive. So what else will be cut to the bone? Forgive me the cynicism, but if something seems too good to be true, it usually is.
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Old 26th Sep 2020, 03:33
  #289 (permalink)  
 
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Given the new "offer" at VA, the Rex offer doesn't look that bad at all.............
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Old 26th Sep 2020, 03:58
  #290 (permalink)  
 
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Originally Posted by porch monkey View Post
Given the new "offer" at VA, the Rex offer doesn't look that bad at all.............

Isn’t that like saying “they peeled the pineapple, I guess I should thank them for that”?

This is the problem with aviation, we are happy defending a $hit deal because it’s less $hit than someone who has it worse than I do.

Pilots being expensive is a CEO red herring.
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Old 26th Sep 2020, 04:01
  #291 (permalink)  
 
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Just to be clear, I wasn't suggesting either of them are acceptable. But some will no doubt find them so. Sarcasm doesn't come across all that well in the written media. They didn't peel the pineapple.
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Old 26th Sep 2020, 04:02
  #292 (permalink)  
 
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Originally Posted by porch monkey View Post
Just to be clear, I wasn't suggesting either of them are acceptable. But some will no doubt find them so. Sarcasm doesn't come across all that well in the written media. They didn't peel the pineapple.
Gotcha.

Still, there is the belief that a $hit deal is ok because someone else is worse off.
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Old 26th Sep 2020, 04:31
  #293 (permalink)  
 
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Originally Posted by gordonfvckingramsay View Post
Isn’t that like saying “they peeled the pineapple, I guess I should thank them for that”?

This is the problem with aviation, we are happy defending a $hit deal because it’s less $hit than someone who has it worse than I do.

Pilots being expensive is a CEO red herring.
And we fall for it everytime 😩 there are some tough times ahead, for sure, but let’s be level headed and not fall for this shite
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Old 26th Sep 2020, 05:54
  #294 (permalink)  
 
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Originally Posted by gordonfvckingramsay View Post
Don’t get killed in the rush as anyone with a hard-on and a CPL rushes to accept those terms just to fly a jet.
I still work for VA and am seriously considering applying....
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Old 26th Sep 2020, 07:29
  #295 (permalink)  
 
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Well if VA want to cut a skipper to 170k I’m sure Rex won’t pay any more than that.
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Old 26th Sep 2020, 09:26
  #296 (permalink)  
 
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I just got this gut feel crystal ball thing, some time in the future either Rex will merge with Virgin or Virgin will merge with Rex.
Both fleets would complement each other. 60 Saabs and 70 73s. It just makes sense. It would make the perfect airline instead of the two josiling around for market share
and would even up the battle with QF/JQ. Just a left field view.
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Old 27th Sep 2020, 07:48
  #297 (permalink)  
 
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Not likely with the muppets/egos running both companies. After a complete turnover of management, maybe.....
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Old 27th Sep 2020, 22:12
  #298 (permalink)  
 
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ex ABC News: Federal Government extends subsidies for domestic and regional flights..

Article link: https://www.abc.net.au/news/2020-09-...ights/12708664

rgds
S28- BE
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Old 27th Sep 2020, 22:25
  #299 (permalink)  
 
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Have we made up our mine yet....?

That is, transitioning or going jet...?
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Old 27th Sep 2020, 23:12
  #300 (permalink)  
 
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Originally Posted by Section28- BE View Post
How very convenient for Rex that the Regional Airline Network Support program will run for another six months, all the way till the end of March. That effectively shores up their day-to-day country ops while they get their Sydney-Brisbane-Melbourne jet ops cranked up.
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