S'porean entrepreneur turns loss-making Australian carrier to profit

MSN Philippines News, 20 Sep 2009
Singaporean entrepreneur Lim Kim Hai is the first to admit that glamour and prestige did not even figure when he made the decision to invest in a regional Australian airline in 2002.
Seven years after Lim's big gamble on Rex, the domestic carrier born out of the collapse of Ansett is turning in healthy profits despite the dismal state of the global aviation industry.
"Glamour doesn't sell very many seats and glamour doesn't produce profits," he told AFP in an interview in his Singapore office, from where he runs the airline's headquarters in Sydney largely by remote control.
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