REX AIRLINES Trading Halt

[ebt]

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!

At the risk of deviating from the topic at hand, it's not all about the economics of putting the aircraft back in the air, but rather the value of any GTF engine with green time has soared, and owners can just about name their price when they are leased out. There are deals being done that put the engine values above the value of the whole aircraft, so that's why you're seeing some of them being binned after seven years. There is also the issue of where most of those jets are being operated and their original lessees.

All to say that it is not copmletely analogous with Rex's situation, but they do still have the big problem ahead of how to keep the Saabs going long-term. The Fokkers that are being chopped up by other operators in this country probably speak to the pathway forward.

[Chocks Away]

Orh calm down Krusty, you forget about the Belfast in Cairns... good as gold.

A bit of bog and speed tape and we're away, especially the ones in Adealide.

Happy landings

[KRUSTY 34]

Originally Posted by Chocks Away

Orh calm down Krusty, you forget about the Belfast in Cairns... good as gold.

A bit of bog and speed tape and we're away, especially the ones in Adealide.

Happy landings

Sorry mate. What was I thinking. 😁

[Icarus2001]

Well on the crewing front they do seem to be advertising actively for pilots and cabin crew.

[nomess]

The Captain issue here is endemic. Adding a dozen aircraft back in and growing the regional network is simply a fantasy.

Finding Captains is one thing, but they have the added issue around trying to retain them. The first question in any interview to any applicant would be how long until you quit. Back in the day it was we own you. Boy the tables have turned.

[neville_nobody]

The Captain issue here is endemic. Adding a dozen aircraft back in and growing the regional network is simply a fantasy.

Finding Captains is one thing, but they have the added issue around trying to retain them. The first question in any interview to any applicant would be how long until you quit. Back in the day it was we own you. Boy the tables have turned.

And the response is give me a package that encourages me to stay. If they can't afford that then their business model doesn't work.

Realistically Regional Airlines these days are just experience building jobs. Experienced candidates don't really exist anymore and there is no pipe line for DE Commands so their only hope is to get the cadet program back to where it was, that is the only viable way of maintaining staffing levels.

[Kiwiconehead]

Originally Posted by nomess

The Captain issue here is endemic. Adding a dozen aircraft back in and growing the regional network is simply a fantasy.

I heard noises like 15 Captains short as it stands, then adding back in 12-15 aircraft - what's that? Another 60 skippers to find on top of what they are short now?

[KRUSTY 34]

Originally Posted by Kiwiconehead

I heard noises like 15 Captains short as it stands, then adding back in 12-15 aircraft - what's that? Another 60 skippers to find on top of what they are short now?

Yup! As Nev said. Just another fantasy.

What’s the real plan Sam, Air T?

[nomess]

Saab FO time is enough these days to get oneself on the hold file at many majors. In prior times, Jetstar would take all the Saab Captains, now they don’t even need that. Right Seat will do.

75 Captains. That’s beyond a fantasy.

[KRUSTY 34]

Originally Posted by Frequentflyer13

Mid December, 17th for handover.

So, any news?

[Frequentflyer13]

Originally Posted by KRUSTY 34

So, any news?

Busy busy, Yes, the Australian announcement should be tomorrow morning.

[Icarus2001]

Full steam ahead, recruiting, training, getting more airframes back in the air?

[BEVLY9]

Operational control handed back to Rex management as of today

[KRUSTY 34]

Well, I must say the optimism of the last 3 posts is quite admirable.

[Hamley]

Originally Posted by BEVLY9

Operational control handed back to Rex management as of today

I hope they’ve got a very different plan since the last time they ruined the business.

[Zumba in the street]

Has Nifty updated the saab PowerPoint????

[nomess]

Please tell me Sharpie has retired.

[Kiwiconehead]

Originally Posted by KRUSTY 34

Yup! As Nev said. Just another fantasy.

What’s the real plan Sam, Air T?

I would assume Air T's plan will be to relive itself of it's extensive SAAB 340 spares inventory via internal transactions at premium prices, then once the shelves are empty - so sorry it didn't work

[Icarus2001]

There could be a great deal of reliving going on when and if they relieve themselves of the spares inventory.

https://australianaviation.com.au/20...4h5A4D0ZuRTiRA

Does this count as official?

[nomess]

Transport Minister Catherine King has also moved to safeguard Rex’s fleet and regional routes, with a restructuring of its debts and an extra loan being made contingent on Air T keeping the airline running. The government will also ensure Rex’s planes cannot be sold without its permission.

Seems like Air T can walk away relatively unscathed meanwhile the Government continues to wear the risk with Rex.

Rex and Government Loans, all aboard the gravy train.