Monday, 22 July, 2019 - 16:09
Aviair flies in with regional routes
A privately owned WA airline has taken the lead on an innovative new service as the state government continues its review of regional aviation.
Regional Express (REX) provides air services principally for the transportation of passengers and freight.
The group operates a number of air transport services:
- regular public transport
- charter services
- freight services
- training
In July 2022 REX acquired National Jet Express, the entity responsible for servicing Cobham Aviation’s FIFO contracts.
Rank | Company | 1 Yr | 5 Yr |
---|---|---|---|
1277th | Omni Bridgeway | -33.55% | -21.43% |
1278th | Koonenberry Gold | -33.63% | 0% |
1279th | Regional Express Holdings | -33.92% | -13.1% |
1280th | Auctus Investment Group | -34% | 11.89% |
1281st | Terra Metals | -34.09% | -9.82% |
Rank | Company | # | |
---|---|---|---|
187th | - | Regional Express Holdings | $656.26m |
870th | - | Redflow | $4.69m |
872nd | - | 1ST Group | $4.47m |
882nd | - | Phoslock Environmental Technologies | $3.88m |
886th | - | Leaf Resources | $3.62m |
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A privately owned WA airline has taken the lead on an innovative new service as the state government continues its review of regional aviation.
Australian airline Regional Express (Rex) has been guaranteed at least one return service per week to most of its 59 destinations under the federal government’s regional airline support program.
Regional Express said its board had approved plans to raise at least $30 million to launch services that would compete against Qantas and Virgin Australia.
Regional Express has doubled its flights from Perth to Albany and Esperance, under an agreement with the state government.
Australia’s top competition body will closely scrutinise the domestic flight market as restrictions have led the nation's major airlines to consider strategic overhauls.
Regional airline Rex has leased six Boeing 737 planes as it prepares to take on Qantas and Virgin with flights between capital cities next year.
Australians looking for cheap flights are already benefitting from Rex's entry into the domestic market, after Jetstar and Virgin cut prices in response.
Airline Regional Express has forecast a full-year loss of $15 million due to Victoria's coronavirus outbreak.
ASX-listed companies have detailed roughly $2 billion in JobKeeper payments spanning the last two financial years, with only a handful making voluntary repayments.
Regional Express appears to have its sights set on a foray into the fly-in fly-out sector, entering a trading halt after revealing it was vying for a slice of Cobham Aviation’s operations.
Rex has acquired the fly-in, fly-out arm of Cobham Aviation for $48 million, a move it hopes will help it become a premier operator in the lucrative resources sector.
The competition watchdog is seeking to maintain four independent operators in the fly-in, fly-out market, flagging plans to quash Virgin’s partnership with Alliance over fears it would erode competition.
The Australian Competition and Consumer Commission has rejected the airline's planned takeover of Brisbane-based Alliance Aviation Services Ltd.
Rex Airlines and Skippers Aviation have once again secured deals to exclusively operate regional air services in the Great Southern, Northern Goldfields and Gascoyne regions.
Regional Express Holdings has secured two contracts to offer additional weekly flights for the fly-in, fly-out market in Western Australia.
Rex has announced thrice weekly Adelaide-Perth fights using an E190 jet with airfares from $249 for economy.
Perth-based fly-in, fly-out airline National Jet Express has come under the full ownership of two Singapore-based directors including former Rex Airlines chairman Lim Kim Hai.
The corporate regulator is suing listed airline Regional Express over “serious governance failures” linked to misleading profitability claims before it landed in administration.
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