[Peetwo]

The McDonaught Aviation shame file continues to grow?? -   

Kharon:

"..The minister should be asked to explain, particularly why he backed SOAR and now stands silent at the Buckley execution. Stupidity is not any more a valid excuse than being poorly advised. A publicity grab and 'photo-op' is about all a crown minister saw ; I say we need a little better than that from the man who is allegedly 'in charge' of matters aeronautical. Resignation not enough; public humiliation in the stocks outside parliament house would be a most satisfactory event.."

Second the motion "K" and while we are at it we need a few more 'please explains' in light of the following...  

Via the AP blog: https://auntypru.com/sbg-8-3-20-you-are-...r-the-job/



ps Sandy in reply to above link, via FB: https://www.facebook.com/peetwo.pain.7/p...&ref=notif

Sandy Reith

I take “fit” meaning muscle not brain. With apologies Minister but we are not just a little fed up, please, its time to act. Decommission CASA and delete that silly Director of Air Safety title because it sends the wrong message, just as they did in NZ. Government does some standard regs., and please harmonise with USA so we can make business and jobs, the aviation industry does safety.
The independent corporate regulator is a failed model, hasn’t worked in 33 years and is incapable of creating a jobs and business environment for aviation.

Create Civil Aviation Agency within your Department with new people who are willing to change direction.

  

Via the Oz:  

Canberra cash helps Rex profit take off



Rex sent its 737 over Sydney's CBD to mark Australia Day, 2021 and promote its upcoming flights from Melbourne to the city. Picture: Joe Corrigan

ROBYN IRONSIDE
AVIATION WRITER
@ironsider

9:31PM FEBRUARY 26, 2021
2 COMMENTS

Regional Express airlines has managed to increase its half year profit 45 per cent to $9.9m after tax, with the help of significant federal government assistance.

In the six months to December 31, the airline saw passenger numbers slump 71.2 per cent resulting in a 70 per cent hit to revenue.

Freight revenue also fell but funds from charter operations increased 10 per cent.

Total airline revenue of $65.6m was almost doubled by government grants and assistance worth $59.4m.

Rex chairman Lim Kim Hai acknowledged the government help, saying without that assistance the airline would have had to shut down 90 per cent of its network.

“On behalf of all regional carriers and the regional and rural communities they service, we offer our grateful thanks to the federal government,” said Mr Lim.

“Fortunately, parts of the group’s activities including aeromedical work and charter activities were relatively insulated from the effects of the pandemic and have performed strongly.

“This has contributed to enabling the group to achieve a statutory profit after tax of $9.9m.”

The half year result is in stark contrast to Qantas, which on Thursday reported a $1.47bn statutory loss after tax, down from a $648m gain in the previous corresponding half year.

Discussing the results, Qantas Group CEO Alan Joyce this week drew several comparisons with Rex, which has accused the larger airline of anti-competitive behaviour.

“The (government) support Rex has gotten which is $130m on a $300m business, is proportionally seven times the support Qantas has gotten from the federal government,” Mr Joyce said.

“The support for us which totals $1.2bn on a variety of programs, Rex got the equivalent of over $7bn from the federal government so I don’t think they can complain about government support.”

Rex deputy chairman John Sharp said Mr Joyce was fudging figures because the half year results showed clearly they had received about $59m.

The Wagga Wagga-based operator will launch its first domestic flights between Sydney and Melbourne on Monday with the backing of PAG Asia Investment.

Mr Lim said the operations were not expected to be profitable in the current financial year but should break even the following year if the domestic recovery was strong.

Only marginal improvement was expected in Rex’s regional operations before June, with the COVID vaccine rollout not likely to make any material difference until the new financial year, he said.

“Should this eventuate then the expected cessation of all government assistance packages in the final quarter of this financial year will mean that the group is expected to incur significant losses in that period,” he said.

“The board has decided against paying out any interim dividends and is not able to provide any guidance on profitability for the full financial year in light of the extreme volatility we face.”

The half year results were announced after the close of trade on the ASX on Friday, with Rex shares ending the day down 8 cents at $1.58.

And some comments...

Tim Tom
1 HOUR AGO

On behalf of all regional carriers....

Rex should just speak for themselves.  No other regional carrier received over $100m in grant funding across CY2020.  Their failure is imminent...

---

Mick
9 HOURS AGO

Rex deputy chairman John Sharp said Mr Joyce was fudging figures because the half year results showed clearly they had received about $59m.

As John Sharp knows all too well Alan Joyce was talking about the size of government grants and subsidies to Rex as a proportion of the airline's usual revenue.

Pre-COVID Rex's annual revenue was around $320 million (roughly $160 million for the half year).  Government grants and subsidies to Rex for the 2020 calendar year totalled over $120 million (roughly $60 million for the half year). 

And it is worth noting that out of that total of over $120 million, nearly $54 million was a straight out gift to Rex, what was meant to be last resort funding where the recipient had exhausted all other means of fund raising. 

The maths is simple - government grants and subsidies to Rex in 2020 represents 37.5 percent, over a third, of their usual annual revenue.

Qantas's pre-COVID annual revenue was around $17.5 billion.  If government grants and subsidies to Qantas in 2020 followed the same proportionality as with Rex, Qantas should have received over $6.5 billion.  They didn't;  Qantas received less than a third of that in grants and subsidies.

Next via the AP blog, library and the airports thread:

Ref: https://auntypru.com/sbg-3-01-20-the-year-of-the-ox/
 

Ref: https://auntypru.com/amroba-breaking-new...ter-plans/ & https://auntypru.com/forum/showthread.ph...5#pid11855





Of course all fully supported and endorsed by our miniscule McDonaught, the witless wonder from Wagga...  

Which brings me back to this pic (with embellishments) borrowed from this Betoota Advocate article...

Liberal Party Put In Place Measures To Protect Their Non-Idiot Image While PM Is On Holidays

CLANCY OVERELL | Editor | CONTACT


As is often the case when the Prime Minister puts his phone on flight mode and takes off for one of his trimonthly family holidays, it seems the Coalition Government is once again at the point of collapse.

As has been reported diligently by The Betoota Advocate this week, the National Party looks as though they might be headed for yet another leadership spill – as their leader Michael McCormack again fumbles in his role as Acting Prime Minister.

After a week of spectacularly tone deaf gaffes that saw the Deputy Prime Minister compare the US Capitol insurgents with Aboriginal rights protestors, referred to Job Seeker recipients as ‘Lounge Lizards’ and refused to condemn the spread of misinformation regarding vaccines within his own party – the Acting Prime Minister Michael McCormack has reminded the public of just how ordinary the coalition government looks when they are being fronted by a marketing professional.

In fact, the last 72-hours of National Party incompetence has been so distressing for their Liberal colleagues that someone has finally managed to get hold of the Prime Minister, via a WhatsApp message to his wife’s phone.

While he reclines on a pool chair in a discreet cashed-up-bogan resort and sips on a virgin Tequila Sunrise, Scott Morrison’s face turns a slight shade of crimson as he is informed of just how badly his Deputy has fucked up this week.

“Oh no… Oh Dear Frank Houston NO!” he mutters, while talking to his flustered media advisor.

“Okay… Give me a minute… what do we do here….”

Morrison thinks long and hard.

“Oh boy I knew we should have never left this toothless hicks in charge” the Prime Minister snarls, with a subconscious throwback to his old Bronte blue blood self.

“You got your notepad? Good”

“Okay. Remember that little media workshop we gave Abbott during the election?”

His advisor remembers.

“Okay. You remember? Good? Okay. We need to put the same measures on McCormack”

“Except this time I want that 48mm x 18.29m duct tape. The grey stuff. Not the flexible shit”

“We need it to wrap it a couple times as well because he’s not gonna stop talking otherwise”

“You got that? good”

“Okay send me a message on this phone when he’s tarped up and I’ll be turning my phone back off”

“Don’t contact me again. Remember I’m still on holidays and no one deserves a holiday more than me after this year. Surely you know that”

“… Yehh… Yeah I know you know, I’m sorry. I just get a bit frustrated mate”

“Okay well I’ll speak to you in a week. I love you”

Luv it - 

MTF...P2