Agree, they have crept up quite a bit in the last couple of years. Speaking to management, due to the number of aircraft Rex currently owns, they do quite a number of C checks during any given year which are extensive and costly. I'm neutral at the moment on Rex, they have vastly expanded their network in the last 3 years but it hasn't flowed to the bottom line.
http://chasingvalue.com.au/
Ann: Rex Announces FY1516 Full Year Results-REX.AX, page-4
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