As many as 360 workers sacked at Rex with hundreds more jobs to go

Employees reportedly told the airline will no longer operate flights between capital cities

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As many as 360 staff at Rex Airlines have been sacked already and hundreds more are on the chopping block after administrators were called in to run the embattled carrier, with remaining staff told they may not get paid until a new buyer is found.

It comes amid speculation that Asia-based private equity firm PAG, which funded Rex's $150m expansion to jet operations, was considering becoming the airline's new owner out of administration.

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