QAN 0.82% $6.04 qantas airways limited

Rex airlines new domestic competitor, page-4

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    I would have thought $30 million is nowhere near enough to get mainline operations going. I recall Compass mark 2 had about $60 million and were running out of money from the get go.

    Not that long ago, Rex was cancelling flights due to a lack of pilots. I would presume that they expect to pick up pilots made redundant by the downsizing of Virgin, Qantas and international airlines. Alliance is expanding by 25 planes and I reckon pilots would prefer to be with them.
 
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