REX to transition to ATRs, start domestic jet ops
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Jetstar is successful because they have a large share (well now monopoly) of the low cost market across the domestic network, with many routes that not even Virgin will attempt. They also have some serious frequency on many leisure routes. The brand also has a higher percentage of brand awareness in the industry segment compared to Virgin.
Rex also is a brand that not many people would be aware of. They don’t even have a Facebook page, and I assume they don’t even have a marketing department. You don’t think Rex when you want to fly to Sydney just like corporates never considered Tiger for any routes. It doesn’t even pass your mind, you just book with QF or VA.
Sharpie seems very confident. Perhaps he sees something we don’t.
Rex also is a brand that not many people would be aware of. They don’t even have a Facebook page, and I assume they don’t even have a marketing department. You don’t think Rex when you want to fly to Sydney just like corporates never considered Tiger for any routes. It doesn’t even pass your mind, you just book with QF or VA.
Sharpie seems very confident. Perhaps he sees something we don’t.
when you want to fly to SYD, the routes Rex currently flies don't have much competition except for likes of ABX & DBO to SYD & probably some others. Virgin won't be flying ABX/SYD anymore unless Alliance does for them using F50/70/100 or E190.
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ex the ASX: Rex Signs Binding Agreement with PAG on Funding......
REX- ASX announcement (19/11/20) link here: https://cdn-api.markitdigital.com/ap...df02a206a39ff4
A brief extract:
Subject to Shareholder and FIRB approvals, etc.
rgds
S28- BE
A brief extract:
19 NOVEMBER 2020-
ASX RELEASE: REX SIGNS BINDING AGREEMENT WITH PAG ON FUNDING FOR DOMESTIC JET OPERATIONS
Rex today announced that it had signed an agreement with PAG Regulus Holdings Pte Ltd (PAG), a subsidiary of leading Asia-Pacific focused investment firm PAG that will see an investment by PAG of up to AUD150 million to be used exclusively to support the launch of Rex’s domestic jet operations scheduled to commence on 1 March 2021 (Funding).......
ASX RELEASE: REX SIGNS BINDING AGREEMENT WITH PAG ON FUNDING FOR DOMESTIC JET OPERATIONS
Rex today announced that it had signed an agreement with PAG Regulus Holdings Pte Ltd (PAG), a subsidiary of leading Asia-Pacific focused investment firm PAG that will see an investment by PAG of up to AUD150 million to be used exclusively to support the launch of Rex’s domestic jet operations scheduled to commence on 1 March 2021 (Funding).......
rgds
S28- BE
That is because REX usually runs away from competition. It is going to find the rough and tumble world of mainline operations very hard and will lose millions along the way. I wish the employees of REX all the best but if they try to make you take shares in lieu of salary...DON'T!!!
That is because REX usually runs away from competition. It is going to find the rough and tumble world of mainline operations very hard and will lose millions along the way. I wish the employees of REX all the best but if they try to make you take shares in lieu of salary...DON'T!!!
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Chief of ANZ said few days again, that recession will really kick in middle of next year when no more jobkeeper/jobseeker & dole returns to previous levels. Even jobmaker is only $200/week maximum for those of certain age.
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think Rex will take market share on golden triangle mostly off qantas.
Chief of ANZ said few days again, that recession will really kick in middle of next year when no more jobkeeper/jobseeker & dole returns to previous levels. Even jobmaker is only $200/week maximum for those of certain age.
Chief of ANZ said few days again, that recession will really kick in middle of next year when no more jobkeeper/jobseeker & dole returns to previous levels. Even jobmaker is only $200/week maximum for those of certain age.
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Fuel jumps, Rex sinks. Tiger had SIA to cover these issues when fuel went to $130 a decade ago, QF and VA had profitable cores to offset.
Rex hasn’t really got anything. It’s not like they can raise prices or chase corporate contracts off the opposition.
Quote:
Originally Posted by getaway
think Rex will take market share on golden triangle mostly off qantas.
Originally Posted by getaway
think Rex will take market share on golden triangle mostly off qantas.
Rex might get the Tiger traffic. They might perhaps get some Jetstar traffic should they bother to update the website, FF program and IT. However that costs money.
Last edited by wheels_down; 21st Nov 2020 at 08:48.
REX- ASX announcement (19/11/20) link here: https://cdn-api.markitdigital.com/ap...df02a206a39ff4
...
rgds
S28- BE
...
rgds
S28- BE
Preparations for our domestic operations are proceeding to plan with our first Boeing 737 800NG aircraft delivered on 5 November 2020. Our crew will carry out training on the aircraft over the next three weeks before the CASA proving flight on 2 December 2020. We anticipate CASA approval shortly after.
Seems tight. Tiger had 8 weeks on the ground with the aircraft here and 6 months of prior planning. It was pushed back a touch due to tight timing. Yes we are not talking about a new airline here, but they don’t have any jet foundations in place.
I guess this whole thing is essentially Virgin processes etc, and people involved, already familiar to CASA. I’d be interested to know how much of this is from Virgin’s book.
They wouldn’t be the first to not get it on the first go. Only one has successfully managed to get the green light on the first go. Looks like they have plenty of wriggle room until ops start.
I guess this whole thing is essentially Virgin processes etc, and people involved, already familiar to CASA. I’d be interested to know how much of this is from Virgin’s book.
They wouldn’t be the first to not get it on the first go. Only one has successfully managed to get the green light on the first go. Looks like they have plenty of wriggle room until ops start.
Seems tight. Tiger had 8 weeks on the ground with the aircraft here and 6 months of prior planning. It was pushed back a touch due to tight timing. Yes we are not talking about a new airline here, but they don’t have any jet foundations in place.
I guess this whole thing is essentially Virgin processes etc, and people involved, already familiar to CASA. I’d be interested to know how much of this is from Virgin’s book.
They wouldn’t be the first to not get it on the first go. Only one has successfully managed to get the green light on the first go. Looks like they have plenty of wriggle room until ops start.
I guess this whole thing is essentially Virgin processes etc, and people involved, already familiar to CASA. I’d be interested to know how much of this is from Virgin’s book.
They wouldn’t be the first to not get it on the first go. Only one has successfully managed to get the green light on the first go. Looks like they have plenty of wriggle room until ops start.
Given that certification is just one of many workstreams associated with the starting commercial jet ops in about 100 days time it would be interesting to know who Rex has got managing this at a program level. This is probably two orders of magnitude more complicated and more complex than anything Rex have had to deal with in the last decade or so.
Thanks for that.
Given that certification is just one of many workstreams associated with the starting commercial jet ops in about 100 days time it would be interesting to know who Rex has got managing this at a program level. This is probably two orders of magnitude more complicated and more complex than anything Rex have had to deal with in the last decade or so.
Given that certification is just one of many workstreams associated with the starting commercial jet ops in about 100 days time it would be interesting to know who Rex has got managing this at a program level. This is probably two orders of magnitude more complicated and more complex than anything Rex have had to deal with in the last decade or so.
I note some from Virgin only went over on temp contracts. If/When all these people start to leave, which is common in any new startup, usually about 2 years in, can the place follow the book as good as it did on day 1?
The training and safety departments are going to be super busy. When does the ATR start arriving? I hope Sharp is ready to invest in his Pilots. Otherwise the whole place will fall over and safety bureau will be super busy.
Evertonian
Cest la vie!
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Beyond me how it ever got as far as it did.
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............
I guess this whole thing is essentially Virgin processes etc, and people involved, already familiar to CASA. I’d be interested to know how much of this is from Virgin’s book.
They wouldn’t be the first to not get it on the first go. Only one has successfully managed to get the green light on the first go. Looks like they have plenty of wriggle room until ops start.
I guess this whole thing is essentially Virgin processes etc, and people involved, already familiar to CASA. I’d be interested to know how much of this is from Virgin’s book.
They wouldn’t be the first to not get it on the first go. Only one has successfully managed to get the green light on the first go. Looks like they have plenty of wriggle room until ops start.
Too much 'Copy & Paste'- then, Good Luck.....???? (and Go 'the Sharpie'...!!!!!.)
rgds all
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Tiger tried copy and paste with their 737’s using Virgin procedures, CASA said no
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ex the ASX- 52x Week's.....
52x Week range:
Last at: $1.59........
90 Day Graph here: https://www2.asx.com.au/markets/company/REX
Blow that sucker (graph) out........, IS All Good- get, On-Board !!!!, at speed, 'Apparently'..........
Ya just Gotta 'Lurve' & 'Appreciate'- this Werk/Gig, reckon!!!!! or Not?????
rgds all
S28-BE
"52 week range 0.370 - 1.600"
90 Day Graph here: https://www2.asx.com.au/markets/company/REX
Blow that sucker (graph) out........, IS All Good- get, On-Board !!!!, at speed, 'Apparently'..........
Ya just Gotta 'Lurve' & 'Appreciate'- this Werk/Gig, reckon!!!!! or Not?????
rgds all
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I assisted the Tiger startup, getting up and running is one thing, however the biggest challenge is maintaining that standard, things started to crumble about 12 months in, and well, caved in, 24 months in, as we all watched on. The problems started to appear when the fleet creeped up, and good people starting leaving. Company underinvested in the training department, which couldn’t handle the fleet and people increase.
I note some from Virgin only went over on temp contracts. If/When all these people start to leave, which is common in any new startup, usually about 2 years in, can the place follow the book as good as it did on day 1?
The training and safety departments are going to be super busy. When does the ATR start arriving? I hope Sharp is ready to invest in his Pilots. Otherwise the whole place will fall over and safety bureau will be super busy.
I note some from Virgin only went over on temp contracts. If/When all these people start to leave, which is common in any new startup, usually about 2 years in, can the place follow the book as good as it did on day 1?
The training and safety departments are going to be super busy. When does the ATR start arriving? I hope Sharp is ready to invest in his Pilots. Otherwise the whole place will fall over and safety bureau will be super busy.
