DOCSLIB.ORG

PROSPECTUS Regional Express Holdings Limited ACN 099 547 270

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
PROSPECTUS Regional Express Holdings Limited ACN 099 547 270 Our heart is in the country Lead Manager & Underwriter TRICOM EQUITIES PROSPECTUS Regional Express Holdings Limited ACN 099 547 270 TABLE OF CONTENTS Important Notice 1 Letter From The Chairman 3 1. Key Dates & Offer Statistics 6 2. Investment Highlights 8 3. Summary Of The Offer 12 4. The Australian Aviation Industry 22 5. Business Overview 30 6. Investment In Pel-Air 56 7. Directors and Senior Management 68 8. Financial Information 80 9. Risk Factors 112 10. Investigating Accountants’ ReportsReport 118 11. Additional Information 128 Glossary 165 1 Regional Express Holdings Limited IMPORTANT NOTICE THIS IS NOT INVESTMENT ADVICE Prospectus to be examined by market – YOU SHOULD SEEK YOUR OWN participants prior to the raising of FINANCIAL ADVICE funds. Any Applications received THIS PROSPECTUS The Offer does not take into during the Exposure Period will not The Offer contained in this account the investment objectives, be processed until after the expiry Prospectus is an invitation to apply financial situation and particular of that period. No preference will for Shares in Regional Express needs of any investor. Before be conferred on any Applications Holdings Limited ACN 099 547 270 deciding to invest in the Shares received during the Exposure (the Company or Rex). potential investors should read the Period. This Prospectus will be entire Prospectus. In particular, in made generally available during the This Prospectus is a replacement considering the prospects of the Exposure Period on the Company’s prospectus dated 29 September 2005 Company, it is important that you website, www.rex.com.au. and was lodged with the Australian consider the risk factors that could Securities & Investment Commission affect the financial performance ELECTRONIC PROSPECTUS (ASIC) on that date. This Prospectus of the Group. You should carefully This Prospectus is available in replaces the prospectus issued by consider these risks in light electronic form on the Company’s the Company dated and lodged of your particular investment website, www.rex.com.au. with ASIC on 23 September 2005. objectives, financial circumstances The Offer constituted by this ASIC and Australian Stock Exchange and investment needs (including Prospectus in electronic form is Limited (ASX) take no responsibility financial and taxation issues) available only to residents in Australia. for the contents of this Prospectus. and seek professional advice Persons who access the electronic No person is authorised to provide from your accountant, financial version of this Prospectus should any information or to make any adviser, stockbroker, lawyer or ensure that they download and read representation in connection other professional adviser before the entire Prospectus. A paper copy with the Offer described in this deciding whether to invest. Some of this Prospectus is available to any Prospectus which is not contained of the risk factors that should be person in Australia, free of charge, by in this Prospectus. Any information considered by prospective investors calling the Investor Hotline on 1300 or representation not in this are set out in Section 9. You 799 367 (within Australia) during the Prospectus may not be relied on should consider the assumptions period of the Offer. as having been authorised by the underlying the financial forecasts Company in connection with and the risk factors that could affect FOREIGN JURISDICTIONS the Offer. the financial performance of the The distribution of this Prospectus Company. The price of Shares may (including an electronic copy) in No Shares will be sold or issued rise or fall according to a number jurisdictions outside Australia may on the basis of this Prospectus of factors. be restricted by law. Persons who later than 13 months after the come into possession of it should Prospectus Date. EXPOSURE PERIOD seek advice on and observe any such The Company will apply to ASX for The Corporations Act prohibits restrictions. Any failure to comply listing and quotation of the Shares the processing of Applications with such restrictions may constitute a on ASX within seven days after the during the Exposure Period. The violation of applicable securities laws. Prospectus Date. Exposure Period is to enable the Regional Express Holdings Limited 2 This Prospectus does not constitute behalf) will collect, hold and use purpose, you should contact the an Offer in any jurisdiction in which, that personal information in order Investor Hotline on 1300 799 367. or to any person to whom, it would to assess your Application, service Under the Privacy Act 1988 (Cth), not be lawful to make such an Offer. your needs as an investor, provide you may request access to your the facilities and services that you personal information held by (or on No action has been taken to request and carry out appropriate behalf of) the Group or the Share register or qualify this Prospectus administration. Company and tax Registry. You can request access to or to otherwise permit a public law also requires some of the your personal information by calling offering of Shares outside Australia. information to be collected in the Investor Hotline on 1300 799 In particular, this Prospectus has connection with your Application. If 367 or writing to the Company not been registered under the you do not provide the information through the Share Registry as United States Securities Act of 1933 requested, your Application may follows: (Securities Act), and Shares may not be able to be processed. not be offered or sold in the United ASX Perpetual Registrars States or to, or for the account or The Company and the Share Limited benefit of, a U.S. person (as defined Registry may disclose your personal GPO Box 1736 in Regulation S of the Securities information for purposes related Melbourne VIC 3001 Act). Shares may be offered in a to your investment to members jurisdiction outside Australia where of the Group and to their agents You can obtain a copy of the such an Offer is made in accordance and service providers including Company’s privacy policy online at with the laws in that jurisdiction. those listed below or as otherwise the Company’s website, If you are located in jurisdictions authorised under the Privacy Act www.rex.com.au. outside Australia you should refer to 1988 (Cth): Section 3.13. • the Underwriter in order to ENQUIRIES assess your Application; For further information in relation FINANCIAL INFORMATION to the Offer, please call the Rex • the Share Registry for ongoing All financial amounts contained Investor Hotline on 1300 799 367 in administration of the register; in this Prospectus are expressed Australia. The Company’s Investor and in Australian currency unless Hotline will be open from 8.30am • the printers and the mailing otherwise stated. Any discrepancies until 5.30pm AEST, Monday to house for the purposes of between totals and sums of Friday until the end of this Offer. components in tables contained in preparation and distribution this Prospectus are due to rounding. of holding statements and for DEFINITIONS AND handling of mail. INTERPRETATION PRIVACY If you become a Shareholder, your A number of terms and The Application Form accompanying information may also be used abbreviations used in this this Prospectus requires you to or disclosed from time to time Prospectus have defined meanings provide information that may to inform you about the Group’s which appear in the Glossary. be personal information for the products or services that the Group All references to times in this purposes of the Privacy Act 1988 thinks may be of interest to you. Prospectus are to (Sydney) (Cth) (as amended). The Company If you do not want your personal Australian Eastern Standard Time. (and the Share Registry on its information to be used for this 3 Regional Express Holdings Limited LETTER FROM THE CHAIRMAN Dear Investor, On behalf of all the Directors, it is with great pleasure that I invite you to be a shareholder of Rex. Whilst Rex is only three years old, our roots, culture, practices and commitment go well back to the 1950s – the ‘dawn’ of regional air services in Australia. We are the result of a merger of Hazelton and Kendell – two successful regional airlines. We inherited from these great aviation pioneers, Max & Laurel Hazelton and Don & Eilish Kendell, the conviction that our ‘heart’ is in the country and that by providing reliable services, fairly priced tickets and most importantly warm country hospitality, a regional air service can and will grow and prosper. Since August 2002, Rex has lived this philosophy and the bush has embraced the airline as its own, making Rex one of the fastest growing of Australia’s major airlines, with passenger numbers growing 75% since our first year of operations in FY 02/03. Rex now carries over a million passengers on some 50,000 flights annually, resulting in net profit after tax of $11.3M on the back of $137.1M in revenue. This outcome represents one of the fastest and most dramatic transformations seen in Australian aviation. Today, Rex’s profit as Regional Express Holdings Limited 4 a percentage of revenue is comparable to the most profitable airlines worldwide. But beyond just the financial figures, I am particularly gratified by Rex’s ability to distinguish itself in both operations and customer satisfaction: • Rex has the best On Time Departure record of all major Australian carriers operating out of the very congested Sydney airport where half of Rex’s operations are based; • Rex received the highest score for customer satisfaction out of four airlines surveyed (Rex, Jetstar, Qantas and Virgin Blue) in a survey published by Choice magazine in April this year; and • Rex was awarded a 3-year extension to its Air Operator Certificate and Certificate of Approval by CASA in 2004. These snapshots give a good preview of what Rex is capable of.
Load more

Recommended publications
  • CC22 N848AE HP Jetstream 31 American Eagle 89 5 £1 CC203 OK
    CC22 N848AE HP Jetstream 31 American Eagle 89 5 £1 CC203 OK-HFM Tupolev Tu-134 CSA -large OK on fin 91 2 £3 CC211 G-31-962 HP Jetstream 31 American eagle 92 2 £1 CC368 N4213X Douglas DC-6 Northern Air Cargo 88 4 £2 CC373 G-BFPV C-47 ex Spanish AF T3-45/744-45 78 1 £4 CC446 G31-862 HP Jetstream 31 American Eagle 89 3 £1 CC487 CS-TKC Boeing 737-300 Air Columbus 93 3 £2 CC489 PT-OKF DHC8/300 TABA 93 2 £2 CC510 G-BLRT Short SD-360 ex Air Business 87 1 £2 CC567 N400RG Boeing 727 89 1 £2 CC573 G31-813 HP Jetstream 31 white 88 1 £1 CC574 N5073L Boeing 727 84 1 £2 CC595 G-BEKG HS 748 87 2 £2 CC603 N727KS Boeing 727 87 1 £2 CC608 N331QQ HP Jetstream 31 white 88 2 £1 CC610 D-BERT DHC8 Contactair c/s 88 5 £1 CC636 C-FBIP HP Jetstream 31 white 88 3 £1 CC650 HZ-DG1 Boeing 727 87 1 £2 CC732 D-CDIC SAAB SF-340 Delta Air 89 1 £2 CC735 C-FAMK HP Jetstream 31 Canadian partner/Air Toronto 89 1 £2 CC738 TC-VAB Boeing 737 Sultan Air 93 1 £2 CC760 G31-841 HP Jetstream 31 American Eagle 89 3 £1 CC762 C-GDBR HP Jetstream 31 Air Toronto 89 3 £1 CC821 G-DVON DH Devon C.2 RAF c/s VP955 89 1 £1 CC824 G-OOOH Boeing 757 Air 2000 89 3 £1 CC826 VT-EPW Boeing 747-300 Air India 89 3 £1 CC834 G-OOOA Boeing 757 Air 2000 89 4 £1 CC876 G-BHHU Short SD-330 89 3 £1 CC901 9H-ABE Boeing 737 Air Malta 88 2 £1 CC911 EC-ECR Boeing 737-300 Air Europa 89 3 £1 CC922 G-BKTN HP Jetstream 31 Euroflite 84 4 £1 CC924 I-ATSA Cessna 650 Aerotaxisud 89 3 £1 CC936 C-GCPG Douglas DC-10 Canadian 87 3 £1 CC940 G-BSMY HP Jetstream 31 Pan Am Express 90 2 £2 CC945 7T-VHG Lockheed C-130H Air Algerie
    [Show full text]
  • Annual Report 2005 Annual Report 2005 > Our Customers Our Future Our Brand Our Business Our Priority X Spirit of Australia Qantas Annual Report 2005
    Qantas Annual Report 2005 Report Annual > Our Customers Our Brand Our Priority Spirit of Australiax Our Future Our Business Qantas AnnualReport2005 Qantas Annual Report 2005 ~Corporate Directory~ REGISTERED OFFICE QANTAS SHARE REGISTRY STOCK EXCHANGE Qantas Airways Limited Level 8 Australian Stock Exchange ABN 16 009 661 901 580 George Street 20 Bridge Street Sydney NSW 2000 Sydney NSW 2000 Qantas Centre Australia Australia Level 9, Building A 203 Coward Street or DEPOSITARY FOR AMERICAN Mascot NSW 2020 Locked Bag A14 Australia Sydney South NSW 1235 DEPOSITARY RECEIPTS Australia The Bank of New York Telephone 61 2 9691 3636 ADR Division Facsimile 61 2 9691 3339 Freecall 1800 177 747 101 Barclay Street Website www.qantas.com International 61 2 8280 7390 New York NY USA Our Brand Priority Our Our Facsimile 61 2 9287 0303 Telephone 1 212 815 2218 Email [email protected] Facsimile 1 212 571 3050 Website www.qantas.com GENERAL COUNSEL & Our Customers COMPANY SECRETARY > Our Future Our Business Brett Johnson Designed and produced by Armstrong Miller+McLaren – www.amm.com.au Photography by Bob Armstrong and Mike Armstrong Qantas Annual Report 2005 ~Our Customers~ 1~ Customers are at the centre of everything we dox This year, we carried more than 32 million people to We know that different travellers have different 145 destinations in 40 countries around the world. needs, which is why we offer different experiences for the business traveller, the leisure traveller, the Our goal is to give each customer the best possible regional flyer and, with Jetstar, a whole new group travel experience, from the time they choose to of customers who are first-time flyers.
    [Show full text]
  • My Personal Callsign List This List Was Not Designed for Publication However Due to Several Requests I Have Decided to Make It Downloadable
    - www.egxwinfogroup.co.uk - The EGXWinfo Group of Twitter Accounts - @EGXWinfoGroup on Twitter - My Personal Callsign List This list was not designed for publication however due to several requests I have decided to make it downloadable. It is a mixture of listed callsigns and logged callsigns so some have numbers after the callsign as they were heard. Use CTL+F in Adobe Reader to search for your callsign Callsign ICAO/PRI IATA Unit Type Based Country Type ABG AAB W9 Abelag Aviation Belgium Civil ARMYAIR AAC Army Air Corps United Kingdom Civil AgustaWestland Lynx AH.9A/AW159 Wildcat ARMYAIR 200# AAC 2Regt | AAC AH.1 AAC Middle Wallop United Kingdom Military ARMYAIR 300# AAC 3Regt | AAC AgustaWestland AH-64 Apache AH.1 RAF Wattisham United Kingdom Military ARMYAIR 400# AAC 4Regt | AAC AgustaWestland AH-64 Apache AH.1 RAF Wattisham United Kingdom Military ARMYAIR 500# AAC 5Regt AAC/RAF Britten-Norman Islander/Defender JHCFS Aldergrove United Kingdom Military ARMYAIR 600# AAC 657Sqn | JSFAW | AAC Various RAF Odiham United Kingdom Military Ambassador AAD Mann Air Ltd United Kingdom Civil AIGLE AZUR AAF ZI Aigle Azur France Civil ATLANTIC AAG KI Air Atlantique United Kingdom Civil ATLANTIC AAG Atlantic Flight Training United Kingdom Civil ALOHA AAH KH Aloha Air Cargo United States Civil BOREALIS AAI Air Aurora United States Civil ALFA SUDAN AAJ Alfa Airlines Sudan Civil ALASKA ISLAND AAK Alaska Island Air United States Civil AMERICAN AAL AA American Airlines United States Civil AM CORP AAM Aviation Management Corporation United States Civil
    [Show full text]
  • Appendix 25 Box 31/3 Airline Codes
    March 2021 APPENDIX 25 BOX 31/3 AIRLINE CODES The information in this document is provided as a guide only and is not professional advice, including legal advice. It should not be assumed that the guidance is comprehensive or that it provides a definitive answer in every case. Appendix 25 - SAD Box 31/3 Airline Codes March 2021 Airline code Code description 000 ANTONOV DESIGN BUREAU 001 AMERICAN AIRLINES 005 CONTINENTAL AIRLINES 006 DELTA AIR LINES 012 NORTHWEST AIRLINES 014 AIR CANADA 015 TRANS WORLD AIRLINES 016 UNITED AIRLINES 018 CANADIAN AIRLINES INT 020 LUFTHANSA 023 FEDERAL EXPRESS CORP. (CARGO) 027 ALASKA AIRLINES 029 LINEAS AER DEL CARIBE (CARGO) 034 MILLON AIR (CARGO) 037 USAIR 042 VARIG BRAZILIAN AIRLINES 043 DRAGONAIR 044 AEROLINEAS ARGENTINAS 045 LAN-CHILE 046 LAV LINEA AERO VENEZOLANA 047 TAP AIR PORTUGAL 048 CYPRUS AIRWAYS 049 CRUZEIRO DO SUL 050 OLYMPIC AIRWAYS 051 LLOYD AEREO BOLIVIANO 053 AER LINGUS 055 ALITALIA 056 CYPRUS TURKISH AIRLINES 057 AIR FRANCE 058 INDIAN AIRLINES 060 FLIGHT WEST AIRLINES 061 AIR SEYCHELLES 062 DAN-AIR SERVICES 063 AIR CALEDONIE INTERNATIONAL 064 CSA CZECHOSLOVAK AIRLINES 065 SAUDI ARABIAN 066 NORONTAIR 067 AIR MOOREA 068 LAM-LINHAS AEREAS MOCAMBIQUE Page 2 of 19 Appendix 25 - SAD Box 31/3 Airline Codes March 2021 Airline code Code description 069 LAPA 070 SYRIAN ARAB AIRLINES 071 ETHIOPIAN AIRLINES 072 GULF AIR 073 IRAQI AIRWAYS 074 KLM ROYAL DUTCH AIRLINES 075 IBERIA 076 MIDDLE EAST AIRLINES 077 EGYPTAIR 078 AERO CALIFORNIA 079 PHILIPPINE AIRLINES 080 LOT POLISH AIRLINES 081 QANTAS AIRWAYS
    [Show full text]
  • 2007 Annual Report
    A New Era Annual Report 2007 1944 1947 1968 1984 2007 The original kangaroo The winged kangaroo The flying kangaroo The flying kangaroo was A new interpretation symbol, which appeared symbol first appeared was placed in a circle refined to a more slender, of the logo was revealed. on Qantas aircraft in 1947 to coincide and the aircraft livery stylised presentation. The modern kangaroo was adapted from the with Qantas’ introduction was modified on the The wings on the was designed to reflect Australian one penny coin. of Lockheed L749 Boeing 707 V-jets. The kangaroo were removed the changing structure Constellations. words “Overseas Airline” to help strengthen of the A380 and other were removed from the the design and the new generation aircraft, fuselage, leaving the typeface for the airline’s and keeping with the words ”Australia” and name was changed airline’s increasing focus “Qantas.” The Australian from hand-drawn to on contemporary design flag was moved from a standard typeface. for its inflight and on-the- the rear of the aircraft, ground products. to sit in between these two words. Contents 01 About Qantas 49 Performance Summary 02 Our Key Objectives 50 Discussion and Analysis 04 Financial Highlights of Performance Summary 05 Operational Highlights 54 Directors‘ Report 06 Report from the Chairman 72 Financial Statements & the Chief Executive and Notes Officer 134 Shareholder Information 10 Qantas 135 Qantas Group Five Year 18 Jetstar Summary 22 Portfolio Businesses 136 Sustainability Information 30 Sustainability 141 Financial Calendar 40 Board of Directors 44 2007 Corporate Governance Statement About Qantas Tenacity and the ability to survive adverse conditions have characterised the history of Qantas since its first tentative flights across outback Queensland in the early 1920s.
    [Show full text]
  • 7 Regional Airports and Opportunities for Low-Cost Carriers in Australia
    7 Regional airports and opportunities for low-cost carriers in Australia A. Collins, D. A. Hensher & Z. Li The University of Sydney, Australia Abstract Australia is vitally dependent on aviation services for delivering passenger accessibility to many rural and remote locations. The majority of airports in Australia are regional airports. There are real opportunities for a number of regional airports to improve their services for the region through the introduction of low-cost carriers (LCCs). The aim of this paper is to investigate this potential, through a formal model system of the entire aviation network in Australia, focusing on identifying influences on passenger demand and flights offered, and the role of air fares and number of competitors on each route. Keywords: regional airports; low-cost carriers; regular passenger transport; structural equation system; three stage least squares (3SLS) 1 Introduction Australia is vitally dependent on aviation services for delivering passenger accessibility to many rural and remote locations. In 2005–06, over 40.93 billion passenger kilometres or 11.47% of the total domestic passenger transport task (including metropolitan travel) was serviced by aviation [1]. Conservatively this represents over 46% of all intra- and inter-state aircraft movements and 13% of revenue passenger activity. As the Australian population progressively, albeit slowly, migrates away from the capital cities along the coast and inland, a number of towns that were once small centres servicing a hinterland have grown to become sizeable hubs for substantial regional activity. The role of aviation has grown in response to the need for improved accessibility to these regional hubs.
    [Show full text]
  • U.S. Department of Transportation Federal
    U.S. DEPARTMENT OF ORDER TRANSPORTATION JO 7340.2E FEDERAL AVIATION Effective Date: ADMINISTRATION July 24, 2014 Air Traffic Organization Policy Subject: Contractions Includes Change 1 dated 11/13/14 https://www.faa.gov/air_traffic/publications/atpubs/CNT/3-3.HTM A 3- Company Country Telephony Ltr AAA AVICON AVIATION CONSULTANTS & AGENTS PAKISTAN AAB ABELAG AVIATION BELGIUM ABG AAC ARMY AIR CORPS UNITED KINGDOM ARMYAIR AAD MANN AIR LTD (T/A AMBASSADOR) UNITED KINGDOM AMBASSADOR AAE EXPRESS AIR, INC. (PHOENIX, AZ) UNITED STATES ARIZONA AAF AIGLE AZUR FRANCE AIGLE AZUR AAG ATLANTIC FLIGHT TRAINING LTD. UNITED KINGDOM ATLANTIC AAH AEKO KULA, INC D/B/A ALOHA AIR CARGO (HONOLULU, UNITED STATES ALOHA HI) AAI AIR AURORA, INC. (SUGAR GROVE, IL) UNITED STATES BOREALIS AAJ ALFA AIRLINES CO., LTD SUDAN ALFA SUDAN AAK ALASKA ISLAND AIR, INC. (ANCHORAGE, AK) UNITED STATES ALASKA ISLAND AAL AMERICAN AIRLINES INC. UNITED STATES AMERICAN AAM AIM AIR REPUBLIC OF MOLDOVA AIM AIR AAN AMSTERDAM AIRLINES B.V. NETHERLANDS AMSTEL AAO ADMINISTRACION AERONAUTICA INTERNACIONAL, S.A. MEXICO AEROINTER DE C.V. AAP ARABASCO AIR SERVICES SAUDI ARABIA ARABASCO AAQ ASIA ATLANTIC AIRLINES CO., LTD THAILAND ASIA ATLANTIC AAR ASIANA AIRLINES REPUBLIC OF KOREA ASIANA AAS ASKARI AVIATION (PVT) LTD PAKISTAN AL-AAS AAT AIR CENTRAL ASIA KYRGYZSTAN AAU AEROPA S.R.L. ITALY AAV ASTRO AIR INTERNATIONAL, INC. PHILIPPINES ASTRO-PHIL AAW AFRICAN AIRLINES CORPORATION LIBYA AFRIQIYAH AAX ADVANCE AVIATION CO., LTD THAILAND ADVANCE AVIATION AAY ALLEGIANT AIR, INC. (FRESNO, CA) UNITED STATES ALLEGIANT AAZ AEOLUS AIR LIMITED GAMBIA AEOLUS ABA AERO-BETA GMBH & CO., STUTTGART GERMANY AEROBETA ABB AFRICAN BUSINESS AND TRANSPORTATIONS DEMOCRATIC REPUBLIC OF AFRICAN BUSINESS THE CONGO ABC ABC WORLD AIRWAYS GUIDE ABD AIR ATLANTA ICELANDIC ICELAND ATLANTA ABE ABAN AIR IRAN (ISLAMIC REPUBLIC ABAN OF) ABF SCANWINGS OY, FINLAND FINLAND SKYWINGS ABG ABAKAN-AVIA RUSSIAN FEDERATION ABAKAN-AVIA ABH HOKURIKU-KOUKUU CO., LTD JAPAN ABI ALBA-AIR AVIACION, S.L.
    [Show full text]
  • Cabinet Minute '$
    DECISION NO. CABINET MINUTE '$ .. v ( / c BRISBANE, Department of Transport - Air Queensland Se rvice s. SUBJECT:--~~---~~---~~---------------=~-------------=-~~---~------------------- J1;, ;oples Received at o-t.::> -a-;-m. v p.m. Copies Made CIRCULATION DETAILS GOVERNOR ; Decision F ile 1 21 MR. AHERN d 2 22 ~--1'~ y '( I 3 23 MR. GUNN LI~ hrnic-ci ~ - , 4 MR. GIBBS ·1 24 ,A_.___ Cf , _~,_ .... lk!l..-.:£ [r\~-- ( -- 6~ - ~~~-~ ,,,,_ 11~ MR.. GLASSO~ L t 5 25 G--,.____ \~ ---- --- MR. AUSTIN 6 f 26 MR. LESTER ' 7 2 7 lo MR. Tt;NNI 8 "" 28 - g MR. HARPER 29 10 MR. MUNTZ 30 1 1 MR. MCKECH ~IE 31 12 MR. KATTER q' 32 13 MR. NEAL 3 3 14 MR. CLAUSOJ l 34 MR. BORBIDI ;E 15 35 16 MR. RANDEL u 36 17 MR. COOP ER 3 7 18 MR. HARVEY 38 MR. LITTLE i>ROUD 19 39 Mast er F il~11o 20 40 . 1 J. : ' " I ( I . ',1 .J I ' Copy Noo 2 Q C 0 N F I D E N T I A L C A B I N E T f'l I N U T E Brisbane, 26th April, 1988 Decision Noo 54116 Submission No. 48810 TITLE~ Department of Transport - Air Queensland Serviceso CABINET decided:- 1. That the exemption of the Cairns-tJeipa and Cairns-Thursday Island (Horn Island) air routes in respect of air passenger travel ~om the "open skies" policy be continued until 31st December, 1990. 2. That in keeping with the exemption mentioned above, exclusive licensing rights be given to Australian Airlines trading as ~ir Queensland to operate the abovementioned services until 3ls December, 1990.
    [Show full text]
  • FINANCIAL STATEMENTS 26-67 the Group’S Functional and Presentation Currency Is AUD ($)
    APPENDIX 4E FOR THE YEAR ENDED 30 JUNE 2012 (PREVIOUS CORRESPONDING PERIOD: YEAR ENDED 30 JUNE 2011) RESULTS FOR ANNOUNCEMENT TO MARKET FY2012 FY2011 % $’000 $’000 Revenue up 14.5 273,145 238,488 Profit after tax up 44.9 25,497 17,593 Profit after tax attributable to members up 44.9 25,497 17,593 Net profit for the period attributable to members up 44.9 25,497 17,593 Profit after tax increased due to improved passenger revenue, the new income stream from Ambulance Victoria contract which commenced on 1 July 2012, improved demand for charter services, higher enrolment of trainee pilots and continuous cost-reduction programmes. Amount Franked Amount Dividends (Ordinary Shares) Per Security Per Security Final dividend: - current reporting period 9.0 cents 9.0 cents - previous reporting period 7.1 cents 7.1 cents Interim dividend: - current reporting period - - - previous reporting period - - Record date for determining entitlements to the final dividend will be 14 September 2012. Dividends will be paid on 30 November 2012 subject to approval by shareholders at the Annual General Meeting. Previous Earnings per Ordinary Current Corresponding Fully Paid Share (EPS) Period Period Basic EPS 23.1 ¢ 15.8 ¢ Diluted EPS 23.1 ¢ 15.8 ¢ Net Tangible Asset Backing Per Ordinary Security $1.54¢ $1.36¢ The attached Annual Report for the year ended 30 June 2012, prepared pursuant to Appendix 4E and ASX Listing Rule 4.3A, has been audited. For personal use only THE STORY The First 10 Years ANNUALFor personal use only REPORT FOR THE FINANCIAL YEAR ENDED 30 JUNE 2012 REGIONAL EXPRESS HOLDINGS LIMITED Regional Express Value Statement What does it profit a company if it gains the whole world and loses its soul Customer We believe that we can only count on ourselves for our continued success: We are committed to providing our customers with safe and reliable air transportation with heartfelt hospitality.
    [Show full text]
  • Australian ANTARCTIC Magazine ISSUE 18 2010 Australian
    AusTRALIAN ANTARCTIC MAGAZINE ISSUE 18 2010 AusTRALIAN ANTARCTIC ISSUE 2010 MAGAZINE 18 The Australian Antarctic Division, a Division of the Department of the Environment, Water, Heritage and the Arts, leads Australia’s Antarctic program and seeks CONTENTS to advance Australia’s Antarctic interests in pursuit of its vision of having ‘Antarctica valued, protected EXPLORING THE SOUTHERN OCEAN and understood’. It does this by managing Australian government activity in Antarctica, providing transport Southern Ocean marine life in focus 1 and logistic support to Australia’s Antarctic research Snails and ‘snot’ tell acid story 4 program, maintaining four permanent Australian research stations, and conducting scientific research Science thrown overboard 6 programs both on land and in the Southern Ocean. Antarctica – a catalyst for science communication 8 Australia’s four Antarctic goals are: First non-lethal whale study answers big questions 9 • To maintain the Antarctic Treaty System Journal focuses on Antarctic research 11 and enhance Australia’s influence in it; • To protect the Antarctic environment; BROKE–West breaks ground in marine research 11 • To understand the role of Antarctica in EAST ANTARCTIC CENSUS the global climate system; and Shedding light on the sea floor 13 • To undertake scientific work of practical, economic and national significance. Plankton in the spotlight 15 Australian Antarctic Magazine seeks to inform the Sorting the catch 16 Australian and international Antarctic community Using fish to identify ecological regions 17 about the activities of the Australian Antarctic program. Opinions expressed in Australian Antarctic Magazine International flavour enhances Japanese research cruise 18 do not necessarily represent the position of the Australian Government.
    [Show full text]
  • Regional Airline Line Operations Safety Audit
    FA ATSB TRANSPORT SAFETY REPORT Aviation Safety Research Grant – B2004/0237 Regional Airline Line Operations Safety Audit Captain Clinton Eames-Brown Safety Manager, Regional Express January 2007 ATSB TRANSPORT SAFETY REPORT Aviation Safety Research Grant - B2004/0237 Regional Airline Line Operations Safety Audit Captain Clinton Eames-Brown Safety Manager, Regional Express January 2007 - i - Published by: Australian Transport Safety Bureau Postal address: PO Box 967, Civic Square ACT 2608 Office location: 15 Mort Street, Canberra City, Australian Capital Territory Telephone: 1800 621 372; from overseas + 61 2 6274 6590 Facsimile: 02 6274 6474; from overseas + 61 2 6274 6474 E-mail: [email protected] Internet: www.atsb.gov.au Aviation Safety Research Grants Program This report arose from work funded through a grant under the Australian Transport Safety Bureau’s Aviation Safety Research Grants Program. The ATSB is an operationally independent bureau within the Australian Government Department of Transport and Regional Services. The program funds a number of one-off research projects selected on a competitive basis. The program aims to encourage researchers from a broad range of related disciplines to consider or to progress their own ideas in aviation safety research. The work reported and the views expressed herein are those of the author(s) and do not necessarily represent those of the Australian Government or the ATSB. However, the ATSB publishes and disseminates the grant reports in the interests of information exchange and as part of the overall safety aim of the grants program. © Australiawide Airlines 2007 - ii - CONTENTS ACKNOWLEDGEMENTS ................................................................................... vi EXECUTIVE SUMMARY.................................................................................... vii ABBREVIATIONS .............................................................................................. viii GLOSSARY..........................................................................................................
    [Show full text]
  • Two Years in the Aviation Hall of Doom
    TWO YEARS IN THE AVIATION HALL OF DOOM by Dick Smith CONTENTS INTRODUCTION Chapter 1 The Background Chapter 2 Fiasco at Heron Island Chapter 3 Brotherly Bureaucratic Love at Darling Harbour Chapter 4 The Citation Saga Chapter 5 The ARP Smokescreen Chapter 6 See and Be Seen Chapter 7 Don’t Risk Flying in Other Countries Chapter 8 Intimidation – The Subtle Technique Chapter 9 Will It Ever Change? Chapter 10 Conclusion Appendices: 1 Precis of Comments Received 2 An Independent View INTRODUCTION This book is the result of one of the hardest and least satisfying projects I have ever undertaken. Nevertheless, I believe I owe it to my country and our aviation industry to try to act as a catalyst in resolving the serious problems which exist in the Department of Aviation. What I have done is to express publicly in this book some of the sense of frustration, disappointment and anger which I have experienced during a two-year trip through what I call the Aviation Hall of Doom. It has involved me in hundreds of wasted man-hours and considerable expense. I have tried to tackle a great blancmange of impenetrable bureaucracy and feather-bedding bureaucrats who entrench themselves behind silly regulations of their own devising and display no sense of responsibility or accountability whatever to the public in general and to people in aviation in particular. Most people engaged in aviation explode occasionally when they talk about the Department. I have tried in this book to do a bit more: to explode, certainly; but to go on to make a constructive suggestion - and to make it publicly.
    [Show full text]