Major Shareholders (As of March 31, 2014) Disclaimer Unless specifically dealing with matters of historical fact, the plans, forecasts and strategies described in this document represent estimates of future results based on the information available at the time of writing, but are inherently subject to risks and uncertainties. We can’t promise this week’s Aviation Wrap is all good news, but at least Rex shareholders and Velocity Frequent Flyers have something to cheer about. REX is planning to fly jets on Australia’s golden triangle routes early next year. Rex is making it cheaper and easier for travellers from Regional Australia to connect to Australia’s major capital cities and vice versa. Earnings vs Industry: REX is unprofitable, making it difficult to compare its past year earnings growth to the Airlines industry (-26.2%). The small regional airline preparing to take on Qantas and Virgin with regular flights between Australia's major capital cities as part of a $200m plan. "Regional air carriers, by nature of the business they are in, usually have limited balance sheets,'' the letter said. He later returned to France to complete a Masters of Public Administration at the elite Ecole Nationale d'Administration in Paris on a Singapore Government scholarship. Shareholders should be injecting cash into their businesses before government does. The Honourable John Sharp AM is an aviator, having been a licensed pilot of both fixed-wing and rotary-wing aircraft. Mr Sharp was appointed a director of the Flight Safety Foundation following his receipt of the Foundation’s Presidential Citation for Aviation Safety, the first Australian to receive this award. View announcements, advanced pricing charts, trading status, fundamentals, dividend information, peer … I look forward to tapping into the experience and expertise of PAG’s nominated directors whose professionalism I have grown to respect over the last few months of extensive discussions. Professor Bartsch has over 40 years’ experience in the aviation industry in a variety of senior operational, safety and regulatory roles. The airline plans to extend that service to Brisbane by Easter, effectively opening the ‘golden triangle’ routes for the company and putting Rex’s business head-to-head with the major airlines. 9am - 5pm (Sydney time) Web Enrol here Enquiries here ... media@rex.com.au Investor Relations Inquiries: Email registrars@linkmarketservices.com.au. He is also the Chairman of a biomedical company in Singapore, Lynk Biotechnologies Pte Ltd. The regional airline revealed it is in negotiations with investment firm PAG Asia Capital for an investment of up to $150 million to aid the launch of its domestic operations across major cities. Most would argue this is a positive, showing strong alignment with shareholders. He has been a member of the University of Wollongong Vice Chancellor’s Advisory Board. The REX share price surged … He has been the Executive Chairman of the Rex Group of companies since July 2003. The assets of the two airlines were purchased by Australiawide and merged to form the airline Regional Express, known as Rex. Property News: Is your home affecting your mental health? Don’t forget that Rex is a Singaporean owner airline with a leg up from the LNP. Mr Howell was the Chief Flying Instructor and Chief Pilot for the first integrated pilot training academy in Australia and has provided cadet pilot training for both domestic and international carriers. He operated the Saab 340 as a First Officer and Captain for over 18 years for both Hazelton Airlines and Regional Express. The Company is engaged in the operation of international and domestic air transportation services, the provision of freight services and the operation of a frequent flyer loyalty program. Mr Hine has also had experience as a lecturer in Cockpit Systems Management for the Bachelor of Applied Science (Civil Aviation) degree at the University of South Australia. It plans to grow its presence to start flying to Brisbane from Easter. He is an extensively qualified and experienced simulator and aircraft instructor and has held positions as both Training and Check Captain. You can click here to see if those insiders have been buying or selling. Regional Express is set to suffer crippling financial losses due to the COVID-19 outbreak, with the regional airline informing shareholders it has entered a trading halt. Rex puts the heat on Virgin. Prior to Rex he worked for Kendell Airlines from 1995, during which time he held various Check and Training Captain positions. He has retired as Chairman of the Parsons Brinkerhoff Advisory Board, an engineering and design company operating throughout Australia and the region. - domain.com.au. Rex believes that its shareholders’ interest is best served by pursuing a path of steady but sustainable growth of its earnings. Regional Express (Rex) has revealed a profit increase for the last financial year, but has warned investors that FY20 won’t be so rosy for the airline. Rex told investors in July it had term sheets from three different lessors about a sale-and-leaseback of … Regional Express Holdings Limited is engaged in the provision of air services for the transportation of passengers and freight. Rex had been exploring ways to fund the expansion, including raising equity from new and/or existing shareholders, selling aircraft or a deal with a financial investor. Rex is Australia's largest independent regional airline. He has been with the Company since its inception in August 2002 and is the Group Flight Operations Advisor, Chairman’s Office and Executive Chairman of the Australian Airline Pilot Academy (Wagga Wagga, New South Wales and Ballarat, Victoria). "If regional carriers collapse, so will many regional communities for which the air service is their lifeline. Regional Express is tipped to suffer crippling financial losses due to the coronavirus outbreak, with the regional airline informing shareholders it has entered a trading halt. Lee Thian Soo has extensive international business experience and currently is the Chairman and owner of a company supplying specialty medical devices, systems and drugs to healthcare institutions in the ASEAN region. Rex revealed plans to start capital city flights in May, and later confirmed to the ASX and shareholders that it was considering ways to fund the expansion.. He has formal qualifications in law, education, philosophy and science, and is the author of the definitive legal textbook on aviation law. Mr Hine has over 25 years of aviation experience, including 15 years as a First Officer and Captain of Metroliner and Saab 340 aircraft and is a well-accomplished and knowledgeable instructor. Mr Sharp is a former Chairman of the Aviation Safety Foundation of Australia. Australia's Alliance Airlines to add up to 19 E190s 03.08.2020 - 13:28 UTC. He has been a director of the French, Australian Chamber of Commerce and Industry, and Co-Chair of the Cancer Council of NSW Southern Highlands Branch. None of the other airlines go anywhere near many of Rex's destinations. How the REX share price is performing to the sector Regardless, REX’s shareholders are unlikely to be complaining as the Regional Express share price nearly doubled since the start of 2020. Rex Airlines flies to more than 60 destinations around Australia, including major cities and regional centres. He was Honorary Federal Treasurer, National Party of Australia from 1999 to 2017 and has retired as Chairman of Winifred West Schools Foundation. The US military uses them. Mr Howell became Chief Operating Officer in July 2014. The ambitious project would see Rex carve out a share of the east coast's highly-profitable 'Golden Boomerang' corridor as well as the coast-to-coast transcontinental route. Mr Lim obtained his Masters in Electronics Engineering from the prestigious 'Grande Ecoles' engineering colleges in France where he was awarded a French Government scholarship. In 2005 Australiawide offered a percentage of the owners' shares (35 million out of 115 million shares, or 30.43%) to the public in a float. Regional Express executive chairman Lim Kim Hai has claimed Virgin Australia is headed for yet another financial disaster under the current administrator. Watch the Stan Original film A Sunburnt Christmas now on Stan. not leasing) only one plane type of the perfect fit for the routes it does, has been a major contributor to its regular profitable operation. In 2005, Australiawide Airlines was renamed Regional Express Holdings and partially floated on the Australian Securities Exchange. Independent Director, Professor Ronald Bartsch He was head of safety and regulatory compliance for Qantas Airways Limited’s AOC and manager of the Civil Aviation Safety Authority (CASA) Sydney Airline Transport Field Office. Return on Equity High ROE : REX has a negative Return on Equity (-11.17%), as it is currently unprofitable. Rex Investment Holdings Pty Limited (Account For Shares Gifted To Empbyees) 2,853,916: 2.59%: Pacific Custodians Pty Limited: 2,718,764: 2.47%: Citicorp Nominees Pty Limited: 2,491,442: 2.26%: HSBC Custody Nominees (Australia) Limited (Account 2) 1,564,308: 1.42%: Rex Investment Holdings Pty Limited (Account For Future Employees Share Gift) 1,049,478: 0.95% Rex - Regional Express (ZL, Wagga Wagga) has taken delivery of its first B737-800, VH-VUF (msn 34168), despite plans only to deploy the type into revenue service in four months.. Coronavirus 'worst case scenario' could kill 150,000 Aussies. Rex airline facing bankruptcy as stock halts trading ... with the regional airline informing shareholders it has entered a trading halt. General Public Ownership. Mercedes abandoned as elderly couple rescued from NSW floods, The battle that has taken flight over a parrot, Two killed, three children injured in New Zealand chopper crash, First seaplane flight from Sydney to Lake Burley Griffin, Virgin Orbit halts test flights as US COVID-19 cases surge. Under the deal, PAG will invest $150m into Rex that will ultimately give the firm a 48 per cent stake in the airline, making it the largest shareholder. He has held many Civil Aviation Safety Authority (CASA) delegations since 1984. James Davis ... outside the major cities. Mr Sharp was named a Member of the Order of Australia for significant service to the people and Parliament of Australia, to the aviation industry, and the community during Queen’s Birthday Honours in June 2018. If the Australian government were to guarantee Qantas's debt, it too would become a government-backed airline, Mr Sharp said. Independent Director. He is a former aviation specialist and Presiding Member of the Administrative Appeals Tribunal and author of several publications including John Sharp will get anything he wants from the current Federal Government and Rex will continue to treat its staff like crap. And any comparison with Virgin is ridiculous, Rex has made consistent profits for most of eighteen years. The investors formed Australiawide Airlines, which was officially incorporated on 12 February 2002. After ten years he left to start his own business. The Company's segments include Regular public transport and Charter. "Rex does not believe that Rex, and all other regional carriers, will be able to pull through this crisis without significant assistance if the Health authorities' projections prove accurate. Cathay Pacific Airways is the leading airline company in Hong Kong. © Regional Express Holdings Limited 2018 ACN 099 547 270, Group Environmental Management Program (GEMP). Mr Lim was one of the founding shareholders and directors of Rex in August 2002. This gives them effective control of the company. As Chief Operating Officer he was responsible for the Company’s operations including flight operations, maintenance control, airport operations and the human factors group. Regional Express Holdings Limited (REX) Overview. The Regional Express Holdings Ltd (ASX: REX) share price is soaring today on news the airline will start its Sydney-Melbourne route in March 2021, with promotional fares going on … Mr Lee was one of the founding shareholders and directors of Rex in August 2002. The airline was established in 2002 when the Australiawide Airlines consortium (set up by former Ansett Australia employees) acquired Hazelton Airlines and Kendell Airlines, merged the two companies and started operations in August 2002 as Rex. The airline is a minor player flying between regional towns and under the shadow of Qantas and Virgin before COVID-19. Notification of Major Holdings: The Goldman Sachs Group, Inc. 06.07.2020 Shareholder structure Publication pursuant to section 40 (1) WpHG Prior to his role as General Manager Flight Operations (GMFO) and Chief Pilot, Mr Howell was Manager Training & Checking and Deputy Chief Pilot. In a letter seen by 9News.com.au, Rex CEO Neville Howell asked Deputy Prime Minister Michael McCormack for a sovereign guarantee on loans to regional carriers if they were forced to collapse. Mr Sharp is a Trustee and Board Member of John McKeown House. We believe that maximizing shareholders’ returns in the long term is not incompatible with our duties and responsibilities towards our other stakeholders outlined above. Through-fares at exceptional prices are now available for sale on the Rex website for travel from 1 Mar 21. Earlier this year, REX announced plans to operate jets on domestic Australian trunk routes. Regional airline Rex plans to launch flights between Australia's capital cities, taking on Qantas and a reborn Virgin Australia in the process to create what it calls "a three-airline market." ", it would have to slash 90 per cent of its international flights and ground 150 aircraft. The first grant came from a dedicated no-strings-attached bailout fund aimed at supporting regional airlines, out of which Rex drew close to $54 million in late April.. He is a qualified lecturer in several aviation subjects and has a Diploma of Aviation. REX Sues State of Oregon for Denying Homebuyers Substantial Savings on Real Estate Fees REX's Lawsuit Follows in Footsteps of U.S. Department of … "Australia will surely not be spared the carnage and Australian regional carriers will be the first to be impacted due to their limited financial resources,'' Mr Howell wrote. Australian regional carrier Rex announced Thursday (19 November) that it has signed a funding agreement worth up to A$150 million (US$109 million) with PAG Regulus Holdings to help it set up regional operations to compete with Virgin Australia and Qantas. View today’s REX share price, options, bonds, hybrids and warrants. Lee Thian Soo has extensive international business experience and currently is the Chairman and owner of a company supplying specialty medical devices, systems and drugs to healthcare institutions in the ASEAN region. Mr Lim also holds a Masters of Business Administration from the National University of Singapore. Mr Howell is the Accountable Manager for the Regional Express Air Operator’s Certificate (AOC). Mr Lee was one of the founding shareholders and directors of Rex in August 2002. Find your ideal job at SEEK with 126 Regional Express jobs found in All Australia. It’s a big step up for a regional airline that’s long operated an all Saab 340 fleet out from Australia’s capital cities to country towns. The 15.6-year-old aircraft was ferried from Toowoomba Wellcamp to Sydney Kingsford Smith on November 5, 2020. "Rex therefore calls on the Federal Government to provide a sovereign guarantee for any new line of credit or banking loan taken out with the banks to enable regional carriers to continue operations through to the end of the pandemic. To improve your experience. ", Aldi to introduce purchase restrictions after 'violence' in store. What they did say was that, post pandemic, they could not continue to fly to the remote small towns, without government support. Lim Kim Hai started his career as a Defence Engineer specialising in underwater warfare. He is also currently a director of the Tudor House Foundation. So they have a AU$118.1m stake in this AU$174.4m business. History. The regional airline revealed it is in negotiations with investment firm PAG Asia Capital for an investment of up to $150 million to aid the launch of its domestic operations across major cities. contributing aviation author for The Laws of Australia. Australia's Rex takes first B737-800 06.11.2020 - 13:59 UTC. He retired from the House of Representatives in 1998 and established his own high-level aviation and transport consulting company. Rex intends to start Boeing 737 jet services in early March with three former Virgin Australia aircraft flying between Sydney and Melbourne. Alliance Airlines (QQ, Brisbane Int'l) is set to acquire up to nineteen E190s as part of a fleet renewal drive that will see the incoming Embraer Regional Jets eventually replace the Australian carrier's current all-Fokker Aircraft fleet. He is currently a director of the Climate Change Authority. He says Virgin had a "dysfunctional" board that failed to corral its five major shareholders, which are all airlines. Pre-COVID-19 it was operating a fleet of 60 Saab 340 Aircraft on 1500 weekly flights to 59 destinations throughout all states in Australia. Rex has lounges in three capital cities which Lim said the airline would keep those facilities and could improve them. Find out more at Intelligent Investor Rex has no plans to upgrade its fleet, and only in recent days has confirmed that SAAB will still support their planes for years to come. Preceding his current role he was the Chief Operating Officer and General Manager Flight Operations and Chief Pilot. Obviously running and owning (ie. Currently, he has a portfolio of investment and business interests in diverse sectors and countries. And owns its 60 odd planes. Link Market Services Limited (formally ASX Perpetual Registrars Limited) Locked Bag A14, Sydney South NSW 1235 Tel: 1300 735 980 (within Australia) / +61 1300 735 980 (outside Australia) ... of this primarily retired American Airlines fleet. Find out the direct holders, institutional holders and mutual fund holders for Delta Air Lines, Inc. (DAL). Mr Howell has over 39 years of aviation experience and has been with the Company since its inception in August 2002. View all our Regional Express vacancies now with new jobs added daily! About Rex History The Rex Group was formed in 2002 but is essentially the merger of the businesses of two well established, distinguished and successful air carriers in Australia, namely the passenger airline businesses of Hazelton and Kendell. Net sales break down by activity as follows: - airline transportation (92.8%): passengers transport (34.8 million passengers transported in 2016) and freight and mail transport (1.8 Mt transported); - other … Find out the direct holders, institutional holders and mutual fund holders for Spirit Airlines, Inc. (SAVE). Rex Flyer & Lounge Phone 13 17 13. He is Chairman of Pel-Air Aviation Pty Ltd and is also a director of Power and Data Corporation Pty Limited and a director of Lurssen Australia and a director of the Australian Maritime Shipbuilding Export Group. This is JAL's (Japan Airlines) Corporate Website, where You Can View Corporate Information, Safety/Flight Information, and Sustainability Information, etc. Aviation Law in Australia, International Aviation Law and Drones in Society and Rex’s Executive Chairman Lim Kim Hai said “PAG is a well-respected and highly successful investment group which manages more than US$40 billion on behalf of major global institutional investors. The airline services passengers wanting to travel to regional cities such as Ballina (Byron Bay), Broken Hill, Dubbo, Mount Isa, Wagga Wagga and Newcastle. Rex is planning to raise $30 million from new investors, or by selling some of its trademark Saab 340 turboprop aircraft which have traditionally serviced about 60 country airports in all states. Your web browser is no longer supported. as the coronavirus outbreak takes a heavy toll on the airline's bottom line. In an announcement to the ASX this morning, Regional Express Holdings Limited – known as REX Airlines – said it will not trade until Thursday pending an announcement. Qantas Airways Limited is an Australia-based company, which operates domestic and international airline. Professor Bartsch is an international aviation safety consultant and visiting Professor of International Aviation Law at the University of South Pacific and the College of Law at the Australian National University and a Senior Visiting Fellow with the School of Aviation at the University of New South Wales and the College of Law at the Australian National University. In 2001, he became a director of Airbus Group, Australia Pacific, a position he retired from in June 2015. I want the airlines to survive this crisis but only in Australia would a foreign carrier get to operate on the only truly profitable routes in the country. And, while Rex's expansion was actually already flagged earlier this year, the airline has just launched tickets between the New South Wales and Victorian capitals today, Wednesday, December 2. The Regional Express Holdings Ltd (ASX: REX) continued on its vertical ascend today with the stock hitting a 13-year high. Mr Sharp was a member of the House of Representatives of the Commonwealth Parliament for 14 years (1984 – 1998). Ron's latest publication, The Corona Dilemma: 20-20 Thinking for the Next Normal, will be released in 2020. Professor Bartsch is an experienced pilot and has extensive legal and regulatory experience. Read detailed company information including current share prices, financial summary, directors, announcements, dividends & news. An aerial view of Rex Airlines aircraft at Sydney Airport on April 22, 2020 in Sydney, Australia. Legislation prevents Qantas from having major foreign shareholders. Rex puts the heat on Virgin Chairman Lim Kim Hai says the new owners of Virgin must deal with dozens of problems, including three chronic issues that should be … As GMFO Mr Howell was responsible for all facets of the Company’s flight operations and all operational matters affecting the safety of flight operations. Mr Sharp is a director of the Foundation for Rural and Regional Renewal, (FRRR), having joined the board in 2019. As Chief Operating Officer he is responsible for Regional Express operations including flight operations, continuing airworthiness, maintenance control, airport operations and the human factors group. Rex revealed plans to start capital city flights in May, and later confirmed to the ASX and shareholders that it was considering ways to fund the expansion.. Photo: Courtesy of Dean Stantin REX’s jet plans firm up. "In these unprecedented circumstances, they will need additional lines of credit from the banks which will be almost impossible to obtain. Mr Howell asked for government assistance – not just for his business but for all regional airlines – in securing loans from the major banks if need be. Three of the airline's Boeing 737-800s will fly back and forth from the two cities, doing nine services a day. The general public holds a 21.8% stake in REX. It is not known what the announcement is or what will mean for the future of the airline. Virgin Australia foreign shareholders include Air New Zealand, Singapore Airlines and Etihad. The move impacts Jetstar and investors believe as many as 20,000 Qantas staff will be asked to take unpaid leave to help save cash for the business.