2024-2025 Australian government: Large Saab 340-operator REX in very serious trouble...

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Stratofreighter
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2024-2025 Australian government: Large Saab 340-operator REX in very serious trouble...

Post by Stratofreighter »

https://www.theguardian.com/business/ar ... ading-halt
Late on Tuesday evening, administrators from EY announced they had been appointed to determine the future of Rex.

All flights that Rex operates using its fleet of Boeing 737 jets between capital cities have been grounded.

Virgin Australia has stepped in to help affected Rex passengers, offering to rebook them on an equivalent Virgin service free of charge, provided they take up the offer before 14 August 2024.

Rex’s core regional routes using its 36-seater Saab 340 turboprop planes will continue operating.
Rex was initially called Regional Express following its formation after the death of Ansett.
For most of its existence,
Rex has been a purely regional carrier, operating 36-seater Saab 340 turboprop aircraft.
About a third of its ageing 57 Saab 340s are not in operation pending repairs.
https://www.bbc.com/news/articles/c4ng525geelo
Founded in 2002 after the collapse of Ansett, Rex flies in and out of around 56 airports.
It has a fleet of 66 aircraft - mostly 34-seater Saab 340 planes, but also nine Boeing 737-800s.

Since 2020 it has used those larger aircraft to operate between bigger cities such as Melbourne, Sydney and Brisbane – routes already lucrative for other carriers.
Those flights have now been cancelled, with its 737-800s grounded.

Speaking before the administration was announced,
Australian Prime Minister Anthony Albanese said that Rex was "important" to regional Australia.

"One thing we need to do is to make sure that we have a viable and ongoing Australian aviation industry,” he told ABC News.

Transport minister Catherine King said the government was prepared to “work with Rex”.

“We want to make sure that they have a future as part of aviation in this country,
and we’re very determined to make sure that happens," she said.
Last edited by Stratofreighter on 03 Nov 2024, 18:13, edited 1 time in total.
November 2024 update at FokkerNews.nl....
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Stratofreighter
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Re: 2024-2025 Australian government: Large Saab 340-operator REX in very serious trouble...

Post by Stratofreighter »

https://www.ch-aviation.com/news/146445 ... ralias-rex
31Oct2024

Meanwhile, Ernst & Young is yet to find a buyer for Rex, which continues to operate a fleet of Saab 340B and Saab 340B(Plus) types on regional routes around Australia.
The airline has abandoned its loss-making B737-800 operations.
There are reports that the age of the fleet (the average age of the 340Bs is 33.4 years, the Plus types 28.4 years) is deterring prospective buyers.

The administrators are looking to sell Rex for around AUD300 million (USD197.1 million).
...more thru
https://www.ch-aviation.com/news/146445 ... ralias-rex
November 2024 update at FokkerNews.nl....
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