REX to transition to ATRs, start domestic jet ops
Looks like he heard you! Laugh time folks.
“Rex is one of the most efficient and best-performing airlines in the world over the last 12 years, on par with Southwest Airlines and twice as profitable as Singapore Airlines,” Rex’s Deputy Chairman says. "Understandably, Qantas is desperate to kill off Rex as it knows that it will have no chance against Rex once the latter is fully established in the domestic market.”
Full story with many dubious claims: https://www.google.com/amp/s/simplef...s-dispute/amp/
“Rex is one of the most efficient and best-performing airlines in the world over the last 12 years, on par with Southwest Airlines and twice as profitable as Singapore Airlines,” Rex’s Deputy Chairman says. "Understandably, Qantas is desperate to kill off Rex as it knows that it will have no chance against Rex once the latter is fully established in the domestic market.”
Full story with many dubious claims: https://www.google.com/amp/s/simplef...s-dispute/amp/
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Looks like he heard you! Laugh time folks.
“Rex is one of the most efficient and best-performing airlines in the world over the last 12 years, on par with Southwest Airlines and twice as profitable as Singapore Airlines,” Rex’s Deputy Chairman says. "Understandably, Qantas is desperate to kill off Rex as it knows that it will have no chance against Rex once the latter is fully established in the domestic market.”
Full story with many dubious claims: https://www.google.com/amp/s/simplef...s-dispute/amp/
“Rex is one of the most efficient and best-performing airlines in the world over the last 12 years, on par with Southwest Airlines and twice as profitable as Singapore Airlines,” Rex’s Deputy Chairman says. "Understandably, Qantas is desperate to kill off Rex as it knows that it will have no chance against Rex once the latter is fully established in the domestic market.”
Full story with many dubious claims: https://www.google.com/amp/s/simplef...s-dispute/amp/
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So with nearly all Ex Va widebody guys been given slots and leaving in the next few weeks (despite their “trust me Rex I will not leave you and go back to virgin) 😂
that should mean a lot of new recruitment and commands! 👍🏻
that should mean a lot of new recruitment and commands! 👍🏻
I would expect the Tiger 737 Pilot body to start making larger appearances in Rex now. Most who won’t probably get a look in at Virgin even in the long term so turnover shouldn’t be an issue.
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I bet the 2 ex Va Checkies and Standards will be popular bringing all those guys in. I hear there are even guys on current training schools who are leaving as well. Well I guess if you pay award don’t expect loyalty. good on them 👍🏻
Here’s a Regional GA company (that calls themselves an Airline) with a clapped out old fleet of 30 year old propeller driven aircraft that flys into dirt strips in the middle of nowhere on government contracts, presiding over (in the words of Alan Joyce) the worst startup of any jet airline in Australia big noting themselves and trying to say they’re better and more profitable than some of the biggest, most experienced Airlines in the world like Singapore and Southwest 😂
They’re absolutely delusional!
They’re absolutely delusional!
Their 737 op will almost be grounded with all these ex VA guys and gals running out the door. They didn’t have to do a 7yr bond and write a letter of thankfulness when joining.
Nunc est bibendum
Maybe ‘supply and demand’ will be on the side of 737 pilots for a period of time. I bet if Rex were paying above VOZ pay rates they wouldn’t bleed as many crew.
Even if Virgin paid less than Rex they would still go. I would even take a demotion to get the heck out of that place. Been there done that.
Maybe ‘supply and demand’ will be on the side of 737 pilots for a period of time. I bet if Rex were paying above VOZ pay rates they wouldn’t bleed as many crew.
Now these crucial elements of Operation Mother that were critical to the success of the Rex domestic operation (that predicted a 38% market share), haven’t materialised and it seems like they’ve lost any direction and can only play the victim card.
It’ll be everyone else’s fault but their own!
I would not be leaving Rex for VA anytime soon. Those ex WB who have a slot to go back to VA, may be giving up their Rex seat despite the lack of start date at VA. Given the latest noise surrounding borders etc, this start date may be a little way off as I’m sure VA won’t be giving them a start whilst pilots remain stood down.
Last edited by Double_Clutch; 28th Jun 2021 at 09:00.
Rex might have a bucket of cash at the moment but the challenge the new operators continue to have down under is the ongoing ability to actually generate sustainable and continued earnings in the medium to long term.
Tiger was negative -$50m a year from the start. Could never ever stabilise any form of earnings. Sure they had very expensive equipment however Rex has the opposite issue, cheap equipment however questionable revenue.
It’s very easy for these type of players to generate a couple of million in earnings one year, then sink to something like negative tens of millions the following year. There is going to be a lot of capacity added in FY22 and 23 by the big players which will continue to dilute any earnings opportunity Rex has.
I’m not saying it’s not completely possible, but it’s going to be bloody hard for them to make any form of return that justifies continuing the operation into the future.
The biggest challenge will be trying to stand on their own feet once this cash injection dries up. If Virgin want to play games with capacity then they have no hope. I still think they should have gone down the ultra low cost route. Take the Tiger share, however they don’t have the expensive equipment that they did so earnings shouldn’t be as challenging.
Tiger was negative -$50m a year from the start. Could never ever stabilise any form of earnings. Sure they had very expensive equipment however Rex has the opposite issue, cheap equipment however questionable revenue.
It’s very easy for these type of players to generate a couple of million in earnings one year, then sink to something like negative tens of millions the following year. There is going to be a lot of capacity added in FY22 and 23 by the big players which will continue to dilute any earnings opportunity Rex has.
I’m not saying it’s not completely possible, but it’s going to be bloody hard for them to make any form of return that justifies continuing the operation into the future.
The biggest challenge will be trying to stand on their own feet once this cash injection dries up. If Virgin want to play games with capacity then they have no hope. I still think they should have gone down the ultra low cost route. Take the Tiger share, however they don’t have the expensive equipment that they did so earnings shouldn’t be as challenging.
Rex might have a bucket of cash at the moment but the challenge the new operators continue to have down under is the ongoing ability to actually generate sustainable and continued earnings in the medium to long term.
Tiger was negative -$50m a year from the start. Could never ever stabilise any form of earnings. Sure they had very expensive equipment however Rex has the opposite issue, cheap equipment however questionable revenue.
It’s very easy for these type of players to generate a couple of million in earnings one year, then sink to something like negative tens of millions the following year. There is going to be a lot of capacity added in FY22 and 23 by the big players which will continue to dilute any earnings opportunity Rex has.
I’m not saying it’s not completely possible, but it’s going to be bloody hard for them to make any form of return that justifies continuing the operation into the future.
The biggest challenge will be trying to stand on their own feet once this cash injection dries up. If Virgin want to play games with capacity then they have no hope. I still think they should have gone down the ultra low cost route. Take the Tiger share, however they don’t have the expensive equipment that they did so earnings shouldn’t be as challenging.
Tiger was negative -$50m a year from the start. Could never ever stabilise any form of earnings. Sure they had very expensive equipment however Rex has the opposite issue, cheap equipment however questionable revenue.
It’s very easy for these type of players to generate a couple of million in earnings one year, then sink to something like negative tens of millions the following year. There is going to be a lot of capacity added in FY22 and 23 by the big players which will continue to dilute any earnings opportunity Rex has.
I’m not saying it’s not completely possible, but it’s going to be bloody hard for them to make any form of return that justifies continuing the operation into the future.
The biggest challenge will be trying to stand on their own feet once this cash injection dries up. If Virgin want to play games with capacity then they have no hope. I still think they should have gone down the ultra low cost route. Take the Tiger share, however they don’t have the expensive equipment that they did so earnings shouldn’t be as challenging.
Like I have posted before, you're kidding yourself if you think you're flying Internationally by 2023.
To be honest, REX may be the last Airline standing who knows! one thing is for sure QF will be loosing money like they haven't before, we will know in August, how long can QF pay for a idle international business. As for VA far out I wouldn't leave REX to go back I don't think they will survive Bain don't seem like the company to keep tipping in money in a business thats based in a country that is backwards and third world. Would Rex accept a 320 rated pilot?!.
Like I have posted before, you're kidding yourself if you think you're flying Internationally by 2023.
Like I have posted before, you're kidding yourself if you think you're flying Internationally by 2023.
To be honest, REX may be the last Airline standing who knows! one thing is for sure QF will be loosing money like they haven't before, we will know in August, how long can QF pay for a idle international business. As for VA far out I wouldn't leave REX to go back I don't think they will survive Bain don't seem like the company to keep tipping in money in a business thats based in a country that is backwards and third world. Would Rex accept a 320 rated pilot?!.
Like I have posted before, you're kidding yourself if you think you're flying Internationally by 2023.
Like I have posted before, you're kidding yourself if you think you're flying Internationally by 2023.
Bain know what they are buying into with VIrgin, and they have picked it up for a song, stripped out layers of management, renegotiated major contracts and have the airline on a footing more akin to Virgin Blue days. As for this "backwards and third world", that is why they bought into Virign in the first place - surivive Covid, get the airline back to its roots and the market is a license to print money.
Rex's issue is that they are going to bleed more cash than they planned with a subscale fleet, a network that is small and without the sort of brand that the other two have. The lockdowns were not a part of their plans, especially with most of the 737s based in MEL, so they will have to get a bit creative to raise some cash before they burn through PAG's swag. I would think that unlike a Bain, PAG may have less of a stomach to pump more cash into Rex if it is needed, and I don't think Kim Hai has the means to do so either.
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Rex adds two more Boeing 737 jets as it eyes new routes https://www.executivetraveller.com/n...yes-new-routes
The two additional leased 737s bring the Rex fleet to eight, Sharp says two more due by end of this year.
The two additional leased 737s bring the Rex fleet to eight, Sharp says two more due by end of this year.
Rex adds two more Boeing 737 jets as it eyes new routes https://www.executivetraveller.com/n...yes-new-routes
The two additional leased 737s bring the Rex fleet to eight, Sharp says two more due by end of this year.
The two additional leased 737s bring the Rex fleet to eight, Sharp says two more due by end of this year.