REX to transition to ATRs, start domestic jet ops
Take away COVID and the economic fundamentals are extremely good. The bounce back will be aggressive.
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.
You can’t simply ‘Take away COVID’, and COVID is going to have long-term adverse economic consequences.
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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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.
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.
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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.
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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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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“Salary expectations will also be very constrained and a fresh EBA (enterprise bargaining agreement) will get rid of the decades of accumulated entitlements.”
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 09:17.
“Salary expectations will also be very constrained and a fresh EBA (enterprise bargaining agreement) will get rid of the decades of accumulated entitlements.”
and EBA at -10% JQ because “pilots and engineers will also be queuing at the door": https://www.executivetraveller.com/n...rgin-australia
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.
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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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.
Still, there is the belief that a $hit deal is ok because someone else is worse off.
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.
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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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.
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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ex ABC News: Federal Government extends subsidies for domestic and regional flights..
Have we made up our mine yet....?
That is, transitioning or going jet...?
That is, transitioning or going jet...?