In short:
Hundreds of Rex Airlines employees have been officially let go from the regional carrier after being told the business was “not viable”.
Workers were informed their jobs were at risk at an all-staff meeting on Wednesday.
What’s next?
Administrators will hold their first creditors’ meeting on August 9, when staff will receive an update on next steps.
Hundreds of Rex Airlines employees have been officially let go from the regional carrier after receiving formal notices of termination less than 48 hours after the company was placed into voluntary administration.
The airline grounded its services between major cities on Tuesday, before later appointing administrators from consulting firm Ernst & Young (EY) to oversee the business.
On…
