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    Rex in voluntary administration, ending all 737 services

    "It claims, in filings with the court, that Rex asked 340 Aviation Services, the provider of spare parts, to “cut the wings off the airframes and to scrap the airframes”. The profits from the sale of those parts also went partly to Rex." Some $$$ may also have come from the sale of the parts.
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    Rex in voluntary administration, ending all 737 services

    The AFR has revealed details about the lawsuit alleging Rex stole 4 X Saab 340s. https://www.afr.com//companies/transport/rex-accused-of-stealing-planes-from-arizona-aircraft-graveyard-20240911-p5k9uj?btis "According to the court filings, Jet Midwest had agreed to sell Rex the aircraft in 2019...
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    What is Virgin Australia's strategy (post-administration)?

    From the AFR today: "Qatar Airways is close to finalising a deal to acquire a minority stake in Virgin Australia, almost 1½ years after its private equity owner Bain Capital delayed a billion-dollar float of the carrier and pivoted to courting strategic buyers. Street Talk understands Qatar is...
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    Koala Airlines Discussion

    I'm not sure what to make of this. They have a management team, AOC and a plan for a fleet 737MAX aircraft. They acquired Desert Air Safaris in 2019 and have rebranded to Koala Airlines using a LCC model with a "more innovative route". Koala Airlines - Koala Airlines Australia Watch this...
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    Rex in voluntary administration, ending all 737 services

    So the due date for offers was on August 14. Wonder if we will start to hear about any of the interested parties.
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    Rex in voluntary administration, ending all 737 services

    I've spoken to a few employees and they still haven't been told anything. Zilch. Kinda gross that all this removing flights from sale and limiting social media comments is happening before the employees are given any info at all. Finding out from the media is disgusting.
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    Rex in voluntary administration, ending all 737 services

    I can't see SAAB flights either now.....
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    Rex in voluntary administration, ending all 737 services

    Now also being reported in the Sydney Morning Herald.
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    Rex in voluntary administration, ending all 737 services

    Australian airline Rex set to appoint EY as administrators Georgina McKay and Angus Whitley Bloomberg Tue, 30 July 2024 10:26AM Australian regional airline Rex is set to appoint Ernst & Young as administrators, according to sources. Shares of the carrier, formally known as Regional Express...
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    Bonza Airline Discussion

    Section 11.1 confirms they were trading insolvent. Hope there will be some repercussions.
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    Bonza Airline Discussion

    The administrators are going to court on Monday to try and push the second creditors meeting (decision meeting) from June to August for the following reasons: (a) the Administrators are conducting a sale campaign to sell the Business of the Companies. The sale campaign remains ongoing and is...
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    Bonza Airline Discussion

    Looks like it still hasn't left yet, but can see there are flight plans for the aircraft.
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    Bonza Airline Discussion

    I am fascinated but what parties such as VietJet Air are actually interested in. Is it the AOC, the airport agreements...? Somehow I doubt it's the staff which is unfortunate for them. But I wouldn't be surprised if there is some form of transaction that takes place, just not sure what exactly.
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    Bonza Airline Discussion

    I think the quote is they must have been "on drugs". https://www.afr.com/companies/airline-rival-must-have-been-on-drugs-20100113-iw6yq
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    Bonza Airline Discussion

    Really shocking stuff. Luckily staff other than operating crew have at least been paid for April as their pay cycles are different. Terrible for those who miss out though.
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    Bonza Airline Discussion

    Some routes definitely had loads in the 50s and 60s such as those into Mildura and Toowoomba but the vast majority were over 80 and many into the 90s. Destinations such as Albury, Alice, Bundy, Cairns, Launceston, Mackay, Port Macquarie, Proserpine and Townsville were routinely in the 90s.
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    Bonza Airline Discussion

    The comments from the CEO of the maintenance provider, in the Australian Aviation article are fascinating. Exclusive: Bonza was close to a sale before grounding, its MRO says
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    Bonza Airline Discussion

    Flight is just to prevent additional maintenance from aircraft being in storage for a certain period of time. Aircraft not going anywhere, for now at least.
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    Bonza Airline Discussion

    In other news the BITRE monthly figures are out for March. Bonza topped on time Arrivals. Interesting to see Hinterland is now on the list. https://www.bitre.gov.au/statistics/aviation/otp_month
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