Confirmed! Ex-Virgin 737 snapped by Australian Aviation is Rex’s

written by Adam Thorn | November 5, 2020
Rex confirm ex-Virgin VH-VUF is their first 737
It’s official: Rex have confirmed our two exclusives and that they have now taken delivery of the 737 we photographed earlier this week. (Rex)

Rex confirmed on Thursday evening that the ex-Virgin 737 shot by Australian Aviation’s Lenn Bayliss having its tail branding removed is the very first aircraft added to its new capital city fleet.

The regional airline also publicly confirmed our second exclusive, earlier revealing how it took delivery of VH-VUF msn 34168 after it departed Wellcamp at 12:50am and landed in Sydney at 3:28pm.

Rex previously announced it was close to a deal to lease a number of 737-800 NG aircraft to fly its new network between Sydney, Melbourne and Brisbane, with speculation insisting some were from Virgin’s trimmed fleet.

Advertisement
Advertisement

On Thursday evening, Rex finally fired the starting pistol on the race to wrestle control of Australia’s so-called Golden Triangle from Qantas and Virgin. VH-VUF will now be used for training activities before the proving flight for CASA on 5 December.

VH-VUF former Virgin 737 suspected of being acquired by Rex
The former Virgin 737 then suspected of being acquired by Rex to launch capital city flights on Thursday made it was to Sydney – where the regional airline is based.

Rex’s deputy chairman, John Sharp, said, “Rex has an 18-year track record of leading on time performance and affordable fares in its regional services and for the first time the domestic market can look forward to a safe, reliable air service that is affordable.

“If our services prove successful, we will inject up to 10 aircraft into the domestic market by the end of 2021. From there, we intend to develop a full domestic airline network, linking all the capital cities over time.”

Rex also revealed it will release its new livery by the end of the month.

PROMOTED CONTENT

The purchase of the 737s was facilitated by PAG Asia Capital, which is set to initially invest $50 million for secured convertible notes that could allow it to hold 23 per cent of Rex’s shares by December.

Rex executive chairman Lim Kim Hai said, “With PAG’s support, I have every reason to believe that Rex can successfully launch its domestic major city jet operations.”

In May, the airline first announced its ambitious plans to take on Qantas and Virgin by expanding its network to service Australian capital city routes, including the coveted Golden Triangle – between Melbourne, Sydney and Brisbane.

Rex earlier this year recorded an underlying profit before tax of $250,000 and an increase in revenue, from $318 million last year to $322 million in FY20, despite the coronavirus crisis.

The positive results also marked a remarkable turnaround from March, when Rex warned it would have no choice but to announce the “shutting down of its network” if it didn’t receive financial aid, even threatening to stop transporting COVID-19 testing samples.

The strong performance was in part attributed by some to the company accepting $62.1 million of government grants, including JobKeeper and regional aviation bailouts.

Did you know that Australian Aviation Magazine comes digitally? Subscribe to Australian Aviation’s digital magazine for just $59.95 a year! Our app is available on mobile, tablet and PC devices! Subscribe now at australianaviation.com.au.

Confirmed! Ex-Virgin 737 snapped by Australian Aviation is Rex’s Comment

  • Andy P

    says:

    Congratulations to Rex on extorting $60m from the taxpayer to fund your expansion plans.

Leave a Comment

Your email address will not be published. Required fields are marked *

Each day, our subscribers are more informed with the right information.

SIGN UP to the Australian Aviation magazine for high-quality news and features for just $99.95 per year