Rex Airlines grounds all Boeing 737 jets immediately

Published

3 years ago

July 21, 2021

Australia’s Rex Airlines has suspended all Boeing 737 flights with immediate effect

The airline has announced they will also be reducing the frequency of its regional flights, as city lockdowns and state border closures continue to impact the Australian air travel market.

Rex’s entire Boeing 737 fleet has been grounded, along with its new network of flights linking Sydney, Melbourne, Canberra, the Gold Coast, and Adelaide.

Limited regional services will remain in place

Rex will continue to keep communities connected by continuing regional flights, but see reductions in frequency, in some cases with only a handful of flights per week.

“Domestic and Regional routes on Rex’s network in New South Wales, Victoria, South Australia, Queensland and Tasmania will be either temporarily suspended or greatly reduced until the end of the State Government imposed border closures and/or lockdowns,”
the airline said in a media statement issues this evening.

The airline has reassured passengers that it will continue to offer a refunds

Rex has been famous for offering customers a guarantee on travel if travel is impacted due to COVID-19.

This includes bookings made through a travel agent as well as directly with Regional Express via its website.

“Rex’s COVID Refund Portal ensures that our passengers receive their money in the bank within 2-3 days of making an eligible refund request through our automated portal,”
said Rex Deputy Chairman John Sharp.

Rex launched flights between major Australian capital cities at the beginning of 2021, as the pandemic pressure slowly decreased on the aviation sector and the Australian travel market restarted.

Rex also found a gap in the market, after former budget carrier Tiger Airlines shut down.

U.S. Federal Reserve announce rate cut, show great confidence in economy

Published

9 hours ago

September 19, 2024

ticker NEWS

The Federal Reserve has delivered a big rate cut to boost the economy while inflation slows.

The central bank slashed interest rates by a half percentage point, hoping to protect the job market while inflation inches closer to its 2% goal.

Fed Chair Jerome Powell says the decision reflects growing confidence in balancing the economy’s growth with low inflation. #featured #trending

Money

Markets brace for potential 50-point fed rate cut

Published

2 days ago

September 17, 2024

ticker NEWS

Markets are anticipating a significant 50-point rate cut from the US Federal Reserve this week, leading to heightened focus on bond markets and key economic reports.

Financial markets are focused on a potential 50-point rate cut by the US Federal Reserve, as investors anticipate major shifts in economic policy.

The bond markets, already pricing in a borderline hard landing, reflect the expectation of a significant easing cycle over the next two years.

However, experts caution that the Fed could disappoint, as the current economic conditions differ from previous events such as the pandemic or credit crises. #featured #trending

Money

Bitcoin’s Q4 outlook: key factors and upcoming milestones

Published

3 days ago

September 16, 2024

ticker NEWS

Insights into market trends and critical events shaping Bitcoin’s performance

Crypto Corner explores the latest market movements, expert insights and the influence of macroeconomic factors on the crypto industry.

Crypto Corner is hosted by Caroline Bowler, CEO of BTC Markets.

In this episode, Caroline speaks with Matt Willemsen, Head of Research & Content at Collective Shift, about what could drive Bitcoin’s strong performance in Q4. They explore how the current market differs from past cycles, the ongoing Solana vs. Ethereum debate, and the role of project-specific conferences in market trends. Matt previews key Q4 events, including the Solana Breakpoint conference and upcoming altcoin milestones like Uniswap v4 and Polygon 2.0. #crypto corner