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REX AIRLINES Trading Halt

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Old 11th November 2025 | 09:15
  #1721 (permalink)  
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From: Aus
Originally Posted by KRviator
So... For those Council's who are owed hundreds of thousands of dollars, that just gets written off now? What's the bet next time Air T-Rex owes more than $10,000 in landing fees, one of those one-bitten, twice-shy Council's parks a slasher and ute either end of a SAAB until their invoice is paid before it gets to the aforementioned debt level?
The government has sneakily added a fund that will allow up to $5 million of debt from each airport owed money to be cleared. I say sneakily as I'm sure they are doing this to make the bail out look much smaller. The earlier $80 million, $30 million ? and now $60 million, means they have already given Rex $140 to $170 million, plus whatever has been fed through already existing subsidies. That $5 million dollars per affected airport/facility that is owed by Rex could be over $100 million almost doubling the bailout figure, but now hidden behind direct payments to each entity.

I just wonder if this opens the federal government up to a class action by all Rexs competitors to get similar subsidy for their operations to regional ports, I mean I would be chasing that if my competitor got random payments to aid their bottom line. It's no small sum for the other regional airlines.
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Old 11th November 2025 | 09:41
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Project Mother has cost taxpayers a few hundred million, over time potentially half a billion.

Yet the Rex Management team are somewhat still around and seemed to be held in high regard by the new owner and the department. It’s disgraceful.

No accountability in this industry for anyone in senior management. Seen at Virgin, Qantas, Rex, and others. Some of these people should be in jail. Front line workers are often taken to the cleaners for such trivial matters yet we have management once again, inflicting significant damage yet no consequences. We have LKH now headed up NJE, Scurrah over at Fiji and Sharpie now at Air Services. Don’t even be me started on Massimo. This industry is such a joke.

Last edited by nomess; 11th November 2025 at 09:53.
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Old 11th November 2025 | 15:08
  #1723 (permalink)  
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Originally Posted by 43Inches
Looks like another SAAB air return to Parkes yesterday, and grounded there after, some troubles with starting or such earlier. Got airborne and then turned around and came back, might be engine related issues as well. Did it have problems and they tried to fly it back without engineering taking a look first? That stinks of poor decision making and pilots under pressure to make the schedule work, hope I'm wrong though.
Those old Saabs......isn't there like around 57 in their fleet nationwide and only 33 in service? The rest need C-Checks, maintainence etc, some need spare parts etc.

Those Saabs need to be moved on at some stage.
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Old 11th November 2025 | 20:03
  #1724 (permalink)  
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Originally Posted by Saintly
Those old Saabs......isn't there like around 57 in their fleet nationwide and only 33 in service? The rest need C-Checks, maintainence etc, some need spare parts etc.

Those Saabs need to be moved on at some stage.
Im wondering just how long it’s going to take to get some 14 odd grounded aircraft back into service. Many have been extensively stripped. None have engines, and quite a few have significant corrosion, especially those out in the open at Adelaide. Then there’s the engineers, or shortage thereof? 14 more aircraft will also need around an additional 100 pilots and 50 FA’s.

Considering the almost complete destruction of the business at the hands of the previous management, sorry the current and now future management, to say this thing will be an uphill battle is probably somewhat of an understatement.

Don’t be surprised if Air T are soon back to the Government, and the Australian taxpayer, holding the hand out for more and more cash just to keep this thing afloat.
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Old 11th November 2025 | 22:30
  #1725 (permalink)  
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None have engines
Jesus, I didn’t realise it was that bad. Well I guess Air T see that the government has the money tap open and they may be willing to keep it open for regional service.
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Old 12th November 2025 | 08:02
  #1726 (permalink)  
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Originally Posted by KRUSTY 34
Im wondering just how long it’s going to take to get some 14 odd grounded aircraft back into service. Many have been extensively stripped. None have engines, and quite a few have significant corrosion, especially those out in the open at Adelaide. Then there’s the engineers, or shortage thereof? 14 more aircraft will also need around an additional 100 pilots and 50 FA’s.

Considering the almost complete destruction of the business at the hands of the previous management, sorry the current and now future management, to say this thing will be an uphill battle is probably somewhat of an understatement.

Don’t be surprised if Air T are soon back to the Government, and the Australian taxpayer, holding the hand out for more and more cash just to keep this thing afloat.
Agreed. Quite simply.....REX haven't planned for the future and its caught up. You'd think in the mid to late 2000s even up to 2010 or up to 2015 Rex might have thought to themselves "We should start thinking about life after the Saabs".
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Old 12th November 2025 | 11:35
  #1727 (permalink)  
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Originally Posted by Saintly
Agreed. Quite simply.....REX haven't planned for the future and its caught up. You'd think in the mid to late 2000s even up to 2010 or up to 2015 Rex might have thought to themselves "We should start thinking about life after the Saabs".
They did think about it mate. They were in discussions with ATR when along came Covid and the Administration of VA. Then some bright spark deduced that the “future” lay in a domestic jet operation, filling the void left by a soon to be liquidated Virgin.

Not only did they shelve plans for the turboprop fleet replacement, but they actively (some might say criminally) neglected the regional operation to the point that it is now a corroded shell of what it once was.

Yep, these are the people that Air T, EY, and the Federal Government have entrusted to overseeing the rebuilding of REX.

Good luck with that!
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Old 12th November 2025 | 21:23
  #1728 (permalink)  
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It is notable, and likely instructive, that LKH always seemed to have a plan for his future.
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Old 12th November 2025 | 22:08
  #1729 (permalink)  
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They did think about it mate. They were in discussions with ATR when along came Covid and the Administration of VA. Then some bright spark deduced that the “future” lay in a domestic jet operation, filling the void left by a soon to be liquidated Virgin.

Not only did they shelve plans for the turboprop fleet replacement, but they actively (some might say criminally) neglected the regional operation to the point that it is now a corroded shell of what it once was.

Yep, these are the people that Air T, EY, and the Federal Government have entrusted to overseeing the rebuilding of REX.
Which is why they should be bankrupt.

The fact that the government got involved in this is a disgrace given the circumstances. Free tax payers money in covid. Then a bail out from the government once all that tax payers money was wasted.
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Old 13th November 2025 | 00:14
  #1730 (permalink)  
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In Australia, our guvment will reopen the Government Aircraft Factory at Fishermen’s Bend and build the next generation SAAB340 for regional routes in this great country.

The aircraft will look a bit like a Nomad N24NG, however it will be environmentally friendly, net carbon zero emissions, run on sustainable biofuels, and build with good old union solidarity.

The first aircraft should be in limited service by 2050.

A guvment spokesperson said initial modelling showed that the aircraft could be used by the RFDS, RAAF and any third world country that we can sell them too.
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Old 14th November 2025 | 11:25
  #1731 (permalink)  
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Originally Posted by KRUSTY 34
They did think about it mate. They were in discussions with ATR when along came Covid and the Administration of VA. Then some bright spark deduced that the “future” lay in a domestic jet operation, filling the void left by a soon to be liquidated Virgin.

Not only did they shelve plans for the turboprop fleet replacement, but they actively (some might say criminally) neglected the regional operation to the point that it is now a corroded shell of what it once was.

Yep, these are the people that Air T, EY, and the Federal Government have entrusted to overseeing the rebuilding of REX.

Good luck with that!
I still think Rex acted too slow in regards to their Saabs but here we are I guess.
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Old 1st December 2025 | 00:51
  #1732 (permalink)  
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So here we are in December, when will ownership be settled?
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Old 1st December 2025 | 02:59
  #1733 (permalink)  
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Originally Posted by Icarus2001
So here we are in December, when will ownership be settled?
Dunno, but the Administration is supposed to end on Friday! 🙄
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Old 1st December 2025 | 21:21
  #1734 (permalink)  
 
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Originally Posted by Icarus2001
So here we are in December, when will ownership be settled?
Mid month, still a bit to be sorted.
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Old 1st December 2025 | 21:44
  #1735 (permalink)  
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Originally Posted by KRUSTY 34
Dunno, but the Administration is supposed to end on Friday! 🙄
why stop the tax payer funded gravy train ? there christmas party this year gonna be epic
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Old 1st December 2025 | 23:53
  #1736 (permalink)  
 
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Originally Posted by unobtanium
why stop the tax payer funded gravy train ? there christmas party this year gonna be epic
So the 1200 REX employees also get a Xmas?
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Old 2nd December 2025 | 00:50
  #1737 (permalink)  
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Originally Posted by Frequentflyer13
So the 1200 REX employees also get a Xmas?
no just the administrator's
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Old 2nd December 2025 | 21:52
  #1738 (permalink)  
 
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Mid December, 17th for handover.
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Old 8th December 2025 | 21:15
  #1739 (permalink)  
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Watching Metour Pilot on YouTube about the problems with the PW1100 engines on the A320/321/220.

While not directly relevant to the Rex saga, it did highlight an interesting fact regarding the repatriation of grounded airframes. Apparently it’s not economically viable to put many parted out aircraft back into the air, especially those airframes that have experienced long term parking exposed to the elements, and we’re talking about aircraft that in some cases are less than a decade old!

About 6 months ago at least one Rex engineer expressed doubt that any of the stripped and engineless SAAB’s would ever fly again. Against this backdrop it would seem that the fundamental requirement for Air T to put some 14 of these aircraft back into service may be wishful thinking at best.

I don’t know how this saga will play out, but as I’ve said previously, lots of things about this deal just don’t add up.
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Old 8th December 2025 | 23:10
  #1740 (permalink)  
 
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From: Brisbane
Originally Posted by KRUSTY 34
Watching Metour Pilot on YouTube about the problems with the PW1100 engines on the A320/321/220.

While not directly relevant to the Rex saga, it did highlight an interesting fact regarding the repatriation of grounded airframes. Apparently it’s not economically viable to put many parted out aircraft back into the air, especially those airframes that have experienced long term parking exposed to the elements, and we’re talking about aircraft that in some cases are less than a decade old!

About 6 months ago at least one Rex engineer expressed doubt that any of the stripped and engineless SAAB’s would ever fly again. Against this backdrop it would seem that the fundamental requirement for Air T to put some 14 of these aircraft back into service may be wishful thinking at best.

I don’t know how this saga will play out, but as I’ve said previously, lots of things about this deal just don’t add up.
Its very likely some of the fleet won't fly again, I've looked over most of them on paper and physically, Most of the airframes are in good condition. A long road ahead for sure.
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