StageUnattributed | Alive
Last Raised$4.23M | 1 yr ago
Missing: Rex's Product Demo & Case Studies
Promote your product offering to tech buyers.
Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.
Missing: Rex's Product & Differentiators
Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).
Latest Rex News
Jun 6, 2022
Share Regional Express is staring down possible pilot strikes that could thrust its business into chaos after the carrier failed to appease the union during pay talks last week. The airline told the ASX on Monday morning it was aware of communications from AFAP to pilots that Rex felt was “malicious, misleading and deceptive”. Robert Pearce The Australian Federation of Air Pilots (AFAP) confirmed it had lodged an application to conduct a protected industrial action ballot of members with the Fair Work Commission (FWC) late last week. A union spokeswoman said it had attempted to negotiate with Rex for a new pay deal since 2018, and that the airline’s latest offer for its pilots was “worse than previous offers made by the company”. “This latest offer represents a cut in real-term salary of more than 5 per cent since 2018. It does not contain back pay and does not cover [rises in the consumer price index] over the previous four years,” the spokeswoman said. “As a result, Rex pilots have been left with little option than to exercise their lawful right to lodge an application for a protected industrial action ballot.” Advertisement If the FWC approves the application, the Australian Electoral Commission will then conduct a poll of pilots. If over 50 per cent vote to take industrial action, strikes must start within 30 days after the result. Rex has been approached for comment. The airline told the ASX on Monday morning it was aware of communications from AFAP to pilots that Rex felt were “malicious, misleading and deceptive”. Competitive pressure “It is disappointing that the AFAP would manipulate information provided to them during the course of negotiations to seek to achieve its aims,” Rex said. The strike threat comes just after deputy chairman John Sharp admitted load factors on its domestic capital city flights “aren’t where we want them to be” a year since launching the services. The carrier also said it would pull out of five regional routes last week, citing competitive pressure from Qantas and an end to government subsidies for these flights. “That announcement also made clear that Rex’s remaining regional network will be closely monitored, and further adjustments could be announced in the coming months,” the airline said. Advertisement “Rex has regularly updated the market regarding the detrimental impact of the well-publicised predatory conduct by its competitor on regional routes.” Rex said it would channel any excess resources from the terminated routes to other regional services where passenger numbers were stronger and had growth potential. “Rex’s current regional flying is about 90 per cent of pre-COVID-19 levels, with passenger numbers equally at about 90 per cent of pre-COVID-19 levels,” the airline said. “Rex believes that it will be reaching over 100 per cent of pre-COVID-19 levels of regional flying activity at the start of the new financial year.” Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter . Email Lucas at firstname.lastname@example.org Save
Rex Frequently Asked Questions (FAQ)
When was Rex founded?
Rex was founded in 2018.
Where is Rex's headquarters?
Rex's headquarters is located at 7421 Burnet Road, Austin.
What is Rex's latest funding round?
Rex's latest funding round is Unattributed.
How much did Rex raise?
Rex raised a total of $4.23M.
Who are Rex's competitors?
Competitors of Rex include WeWork and 4 more.
Compare Rex to Competitors
GoWork India is a collaborative co-working campus offering dedicated 1000 seater collaborative work environments for quick and optimized teamwork to 'meditation' and' frustration' zones.
Industrious builds and designs professional workspaces. It offers dedicated workspaces and shared workspaces to support companies of all sizes and stages. The company was founded in 2012 and is based in New York, New York.
DevX provides coworking spaces and startup accelerator programs. It partners with several investors and stakeholders of the startup ecosystem to launch various scaleup and acceleration programs. The company was founded in 2017 and is based in Ahmedabad, India.
via-at is a co-working platform. It helps people to share available coworking spaces, offices, and conference rooms. It was founded in 2017 and is based in Tsukuba, Japan.
JustCo is a global company that offers coworking space, private office space, meeting rooms leasing, and event space rental.
ABL Workspaces runs coworking centers in India.
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.