Rex executive chairman takes a swipe at Qantas following acquisition announcement

Rex executive chairman takes a swipe at Qantas following acquisition announcement

Rex executive chairman Lim Kim Hai has taken a shot at Qantas following the purchase of National Jet Express (NJE), the regional services arm of Cobham Aviation Services Australia.

Lim said that Rex has managed to achieve a positive gross return of 2.9 per cent over the last 14 years, whereas Qantas showed a negative 1.9 per cent.

“In fact, over the last 18 years, Rex made more absolute accumulated profits than Qantas!” Lim said

This came as the executive chairman was outlining his airline’s success in acquiring NJE and its performance during the GFC and the COVID pandemic.

NJE focuses on Fly-In-Fly-Out activities within Queensland and the Northern Territory.

“As we now officially complete the purchase, I would like to pay tribute to the sellers, Advent International, which have prepared the sale in the most meticulous and professional way I have ever seen in my life,” Lim said.

Lim paid tribute to the NJE executives and staff who ran the business successfully over the last two years despite the turbulence caused by the pandemic and the uncertainties the world is facing today.

“There is no better operator of air services in Australia than the Rex Group, be it for reliability or financial performance,” Lim said.

“Rex will overlay this financial and operational prowess on NJE’s core strengths to transform it to be Australia’s premier FIFO operator. Resource companies all over Australia can now count on a modern, comfortable and environmentally-friendly fleet for their FIFO needs instead of relying on 30-year-old Fokker 100 aircraft used predominantly by the other operators.

“In anticipation of the surge in demand for NJE’s services, we are looking to lease immediately another two De Havilland Canada Dash 8-400 NextGen (NG) aircraft to add to its fleet. We will continue to invest in new aircraft and technology to grow the business, especially in Queensland where resource companies have been facing severe issues with capacity and reliability in recent years.

“We look forward to meeting the NJE staff in the coming weeks to discuss our plans in more detail and I’m sure NJE will play an important role in Rex’s success going forward,” Lim concluded.


Featured Image: Supplied by Rex

Latest News

  • News

Female entrepreneurs in tourism invited to enter the 2024 Australian Women’s Small Business Champion Awards

Entries have officially opened to the 2024 Australian Women’s Small Business Champion Awards – a prestigious and comprehensive programme that celebrates female small business owners from across the country. This year marks the third consecutive year of the Awards, which spotlight the achievements of some of the nation’s most inspiring women in small business. Including […]

  • Travel Agents

Roy Morgan names Flight Centre the most trusted travel agent brand in Australia

Flight Centre has been named the most trusted travel agent brand in Australia, according to a new Roy Morgan report. The leading research agency’s recent Roy Morgan Risk Report: Trust and Distrust Rankings of Industries and Brands in Australia (February 2024) compared a range of industries and within the travel and tourism sector, which included […]

  • Hotels
  • News

Minor Hotels’ Anantara group reimagines the brand as its portfolio surpasses 50 properties

Anantara Hotels & Resorts is marking a significant milestone with a reimagined brand identity as recent openings across Europe, Middle East and Asia have propelled the brand portfolio beyond 50 properties. Part of the Minor Hotels group, the Anantara visual refresh takes an elegant, pared-back approach that enables each hotel’s unique character to shine – […]

  • Tourism

Club Med Musandam is newest addition to the resort group and a first for the Middle East

Club Med has announced the newest addition to its Exclusive Collection portfolio with the opening of Club Med Musandam, the first Club Med resort in the Middle East. Set to be unveiled in 2028, the development of Club Med Musandam marks a significant investment milestone, surpassing the $100 million mark. A ground-breaking development as a […]

  • Luxury
  • Products

Louis Vuitton champions travel in campaign featuring Roger Federer and Rafael Nadal

Louis Vuitton has relaunched its iconic Core Values Campaign with a new chapter that sees tennis champions Roger Federer and Rafael Nadal. Shot by industry legend Annie Leibovitz, the campaign features the tennis icons summiting a mountain together in the Dolomites of Italy with the tagline ‘There are Journeys that turn into Legends’. Together, they […]

  • Aviation

Garuda and Singapore Airlines to offer reciprocal benefits to frequent flyers, plus explore revenue sharing arrangements

Garuda Indonesia and Singapore Airlines will deepen their commercial partnership and offer reciprocal benefits to their frequent flyer program members, plus explore revenue sharing arrangements for flights between Indonesia and Singapore, subject to regulatory approvals.  The frequent flyer program agreement was signed by Garuda Indonesia CEO Irfan Setiaputra and SIA CEO Goh Choon Phong in […]

  • Hotels

My Fiji announce an exclusive deal with new Crowne Plaza Fiji Nadi Bay Resort & Spa

My Fiji have announced an exclusive deal with the new Crowne Plaza Fiji Nadi Bay Resort & Spa, Fiji’s newest premium resort experience, offering exclusive packages for a limited time. Situated along the shores of Wailoaloa Beach, the resort offers 324 modern rooms, immersive amenities and world-renowned Fijian hospitality, Crowne Plaza Fiji Nadi Bay Resort […]

  • Cruise

Sydney Swans greats announced for Crown Princess cruise

Princess Cruises has partnered with the Sydney Swans to offer fans the first-ever AFL Member cruise aboard Crown Princess. This four-night voyage to Tasmania departs January 25, 2025 and guests will be able to immerse themselves in a once-in-a-lifetime Sydney Swans experience featuring special events and activities dedicated to fans. The cruise will feature Sydney […]

  • Destinations

Listening to whales, followed by Ales and Prawn Tails on the Sunshine Coast

Queensland’s Sunshine Coast is preparing to welcome more than 40,000 humpback whales that are making their way up the Australian east coast on their annual migration. The Sunshine Coast is one of Australia’s premier whale tourism destinations, built on its long-established whale watching cruises and Sunreef’s pioneering Swim with Whales experience, which celebrates its 10th […]

  • Aviation
  • Travel Agents

Webjet relaunches partnership with AirAsia with a huge Asia flights sale

Online travel agency Webjet has have relaunched their partnership with AirAsia with a huge Asia flights sale, available until 2 June. To give customers a greater breadth of choice and price point, hundreds of new flight options to Aussie favourite destinations have been added, including Bali, Kuala Lumpur and Bangkok via AirAsia, AirAsiaX, Thai AirAsia […]