REX AIRLINES Trading Halt
Joined: Jan 2010
Posts: 609
Likes: 112
From: Eagles Nest
Election coming up , it will be saved as it’s the quickest way to not piss off regional voters . What ever the cost to keep it out of the news and stop a few politicians from using regional services being abandoned to win over voters . There will be no permanent fix that requires pain and sacrifice but improves people’s lives long term , like the energy industry with nuclear power or infrastructure projects needed but not liked . Australian public get what’s needed 20 years too late at 10 times the price it should have cost .
Joined: Jan 2006
Posts: 2,535
Likes: 224
From: Sydney Australia
Does anyone here actually trust politicians? No, thought not.
Once the election is done we may see a change in attitude towards REX, despite whoever wins. The complexities of saving a heavily foreign owned and controlled regional airline as opposed to letting “nature take its course” will probably be the deciding factor.
Bonza, Tiger, VA, Ansett! And yet REX is somehow different!
Once the election is done we may see a change in attitude towards REX, despite whoever wins. The complexities of saving a heavily foreign owned and controlled regional airline as opposed to letting “nature take its course” will probably be the deciding factor.
Bonza, Tiger, VA, Ansett! And yet REX is somehow different!
Joined: May 2010
Posts: 446
Likes: 78
From: australia
Does anyone here actually trust politicians? No, thought not.
Once the election is done we may see a change in attitude towards REX, despite whoever wins. The complexities of saving a heavily foreign owned and controlled regional airline as opposed to letting “nature take its course” will probably be the deciding factor.
Bonza, Tiger, VA, Ansett! And yet REX is somehow different!
Once the election is done we may see a change in attitude towards REX, despite whoever wins. The complexities of saving a heavily foreign owned and controlled regional airline as opposed to letting “nature take its course” will probably be the deciding factor.
Bonza, Tiger, VA, Ansett! And yet REX is somehow different!
A few hundred million to buy out Rex and pay a few people who "kind of" know what they're doing to run it could seem like the easiest way to make the problem go away. Then when they've spent money on it, renewed the fleet etc and have it running at a profit (even with subsidies on certain routes) flog it off to become privately owned once again (with X years of subsidies guaranteed for Y routes etc).
Just a thought...
Joined: Oct 2024
Posts: 10
Likes: 7
From: Sydney
I said from the start that the government should step up & buy the PAG Debt which was at $141 Million. Would equate to 43% or more ownership & board seats which ever way they go.
Why would a government buy it? Cause the government has an onus to provide transport & the little players would be too much of a risk.
The big reason labor are buying. PAG was pushing hard to go to Liquation & they cant risk it.
Why would a government buy it? Cause the government has an onus to provide transport & the little players would be too much of a risk.
The big reason labor are buying. PAG was pushing hard to go to Liquation & they cant risk it.
Joined: Dec 2023
Posts: 1,150
Likes: 889
From: Oz
Why would a government buy it? Cause the government has an onus to provide transport & the little players would be too much of a risk.
This is a bailout for playing with 737s which sent the company broke.
Joined: Jul 2003
Posts: 3,381
Likes: 532
From: Somewhere
Why would a government buy it? Cause the government has an onus to provide transport & the little players would be too much of a risk.
Especially in this instance where the profits have gone private and the debts public?? It’s terrible policy and you are essentially subsidising incompetence and creating moral hazard. Sharps, Skippers et al should be lobbying Canberra and throwing mud. I would be pretty upset if I was one of those operators. You operate fiscally conservative operation your competitor takes a gamble and loses then gets a huge government bailout.
That isn’t capitalism.
Last edited by neville_nobody; 17th December 2024 at 09:23.
Joined: Jan 2010
Posts: 609
Likes: 112
From: Eagles Nest
It’s not what you know or if you’re good or not at doing what you do it’s all about connections .
Privatise the profits and socialise the losses , captains of industry in the past would go down with the ship , these people remind me of the Concordia , straight to the life raft of Australian government bail out .
Privatise the profits and socialise the losses , captains of industry in the past would go down with the ship , these people remind me of the Concordia , straight to the life raft of Australian government bail out .
Joined: Apr 2016
Posts: 316
Likes: 261
From: Earth
Joined: Jul 2024
Posts: 574
Likes: 429
From: Outbush
HOTC is required to be a check captain on type, with suitable check/training experience. And be deemed suitable by CASA, including a CASA interview specific to the role.
Joined: Nov 2006
Posts: 36
Likes: 3
From: Aus
Originally Posted by KRUSTY 34
Heard a rumour that a certain former Chief Pilot/COO/AAPA CEO/REX board member, and…. NJE CEO, Has just taken a position as REX HOTC!
If it’s who I think it is - he dropped his first name in preference for his second after leaving Qantas in the 90’s as a second officer to go to the sand pit.
Following a short career as a checkie at VA and a CASA FOI, he had several knock backs to return to the ME.
Any guesses what would be the previous first name of that infamous Second Officer at QF?
Heard a rumour that a certain former Chief Pilot/COO/AAPA CEO/REX board member, and…. NJE CEO, Has just taken a position as REX HOTC!
If it’s who I think it is - he dropped his first name in preference for his second after leaving Qantas in the 90’s as a second officer to go to the sand pit.
Following a short career as a checkie at VA and a CASA FOI, he had several knock backs to return to the ME.
Any guesses what would be the previous first name of that infamous Second Officer at QF?
Joined: Jul 2024
Posts: 574
Likes: 429
From: Outbush
Originally Posted by KRUSTY 34
Heard a rumour that a certain former Chief Pilot/COO/AAPA CEO/REX board member, and…. NJE CEO, Has just taken a position as REX HOTC!
If it’s who I think it is - he dropped his first name in preference for his second after leaving Qantas in the 90’s as a second officer to go to the sand pit.
Following a short career as a checkie at VA and a CASA FOI, he had several knock backs to return to the ME.
Any guesses what would be the previous first name of that infamous Second Officer at QF?
Heard a rumour that a certain former Chief Pilot/COO/AAPA CEO/REX board member, and…. NJE CEO, Has just taken a position as REX HOTC!
If it’s who I think it is - he dropped his first name in preference for his second after leaving Qantas in the 90’s as a second officer to go to the sand pit.
Following a short career as a checkie at VA and a CASA FOI, he had several knock backs to return to the ME.
Any guesses what would be the previous first name of that infamous Second Officer at QF?