Very true Muff. Just another example of the way REX management will go to extraordinary lengths to mitigate a problem, but continue to ignore the only thing that will solve the problem long term!

The pilots you refer to are South Africans being sponsored by REX on 457 visas. Lots of that going on at the moment. The real question is, how will you keep them once the major airlines begin recruiting again. Working for REX must be seen as a good thing despite the low wages, just to get out of what I am told is a deteriating law and order situation. But as vital as that is, living in a free and safe society will not pay the bills when one finds themselves trying to make ends meet in one of the world's most expensive cities. The normal bond period applied to a generation of previous REX pilots didn't stop them going to greener pastures, and I'd be surprised if it will prevent this lot from doing the same.

Well done REX, you have just provided more labour further up the chain. What did this little exercise cost the shareholders?

so WHY has the AFAP allowed this to happen ? or has someone been slipping someone a brown envelope to keep quiet?

'08 results out now for rex on ASX, Q4 profits up considerably and brings year profits up 3% on last year.

At the end of the notice to investors they point out to maintain profits will have to slow attrition of pilots to 25%pa or less.

Other points to note is that these profits were achieved on an average load factor of 68%!! thats only just over 20 pax per aircraft, can't beat the saab for value/economy.

again... they tell investors one thing, and staff another!

I see that they are NOT willing to state that they have fixed the pilot attrition problem... rather they hope that it will fall to 25% ..... tell em their dreaming!

Quote:

"At the end of the notice to investors they point out to maintain profits will have to slow attrition of pilots to 25%pa or less."

There's only one way to do it, and I bet they will not concede that to the investors.

apache is right, they are the masters of Bullsh!t!

i see that they are spruiking that the cadets will be online in oct, surely this kind of info posted around their financial details is illegal...

saying they have stopped their pilot woes with cadets is shameful to say the least, especially when they barely have ppl's and will not see the saab for at least another 12 months..

K34, are you saying some Rex pilots left and did not pay the bond:confused:

the bond was put in place to keep pilots for two years. I think that what KRUSTY is saying that people DID leave inside the two years and accepted that they would have to pay the bond out. and let's face it... stay at REX on 42k, or go to QF(actually ANYWHERE but REX) on 70+ and pay out 8k ? makes sense to me!

Was that the bond amount 8K in total

Bond of $15,000 and a 2 year service.

Reducing monthly or quaterly, I can't remember.


go_soaring! instead

Progress?
 

Well chaps it's 2 monhs since the last update from the AFAP... any progress? Any news?