Electric Vehicles

[ElwoodBlues1]

Hi EB.  Zero.  By the time Qantas ramps up, they'll swamp them with schedules / capacity and fares.  They have no background in jet operations, airport gate management, and will need far greater staff numbers with checkins at airports where they might become a familiar entity.  Never happens overnight.  The killing blow where they expect regional route integration with the mainline MEL SYD BNE jets is fantasy when their far more powerful rival services those same smaller ports.

A fleet of SAAB 34 seat turbos is a LOT different to operating 737s as well.  It'll be a sick repeat of Compass and Impulse.

They have been spruking cheaper fares but with all those setup costs you listed I cant see how they will make a dollar. They are really foreign owned which I didnt know, share price has been flying(pardon the pun), up 14% today to an all time 5 year high and they pay a handy 6% dividend too. 100,000 tickets on sale starting at $79 Melb to Syd, they have backing from a Asia Pacific Finance group called PAG holdings who manage 40 Billion dollars worth of dough and have already sunk 200 mill into Rex.
PAG have two directors now on the Rex board, given the background of the Rex Chairman Lim Kim Hai and PAGs investment this is essentially a foreign airline operating under the Rex banner so I dont get why our Government are allowing them to operate the City routes when Qantas are sacking staff and on the drip feed for money.
Throw in Virgin and its a real mess IMO.....