Rex takes fight to Qantas and Virgin [Jets for REX?]
Full article: AFR Website or similar on SMH
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Last time I checked they had something like $9m in cash, their model works on low cost old planes, I don’t think it will fly. Just reading the AA article looks like $200m capital is looking to be raised within 3 weeks.
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Remember, Kendell (REX's predecessor) attempted to move from props to jets in the 1990's with the introduction of the CRJ200. It didn't go well.
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Yes Kent,
An Ansett subsidiary that went belly-up with Ansett. Word has it, that the CRJ jets where expensive to operate. |
I dont think CRJs or even EMBs are in the picture, more likely A320/737 with a ready workforce on tap locally, smacks of Compass MK3 or Impulse V2.0
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It would make some sense for this to be happening if REX had a strong balance sheet coupled with a mindset of a challenger/disrupter.
Whilst I am not familiar with the management, ownership nor culture, my interactions in recent years have felt like they were with a very staid, conservative "brown suit" style of business. No doubt there will be turmoil in the weeks and months ahead as Qantas, perhaps a trimmed-down Virgin and now potentially REX all scramble to get their hands on a smaller number of passengers. I can see the $200 million and the current surplus $9 million evaporating quite quickly. |
REX has signed a MOU with ATR to investigate replacing SAABs with ATR 42/72 aircraft
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ATRs would require a bit more runway, wouldn't they, so I can't see them completely migrating.
Or maybe I have the wrong impression of a lot of the airports they'd be flying into out west. Happy to be corrected, as it would save me the cost of an airfare to see for myself :) |
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SAAB 340b at MTOW in ISA needs 1285m TORA ATR72-600 at max PAX and a 300nm leg needs 1175m TORA under ISA conditions |
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