Ansett Australian Global Rewards - News: Cloud continues to hang over Ansett sale as court adjourned

Cloud continues to hang over Ansett sale as court adjourned
Lingering uncertainty continues to surround the sale of Ansett to the Tesna Consortium.

The Federal Court has adjourned a hearing - to approve the final sale contract - until Friday.

Two hundred and fifty lawyers are still poring over the final contract, which has yet to be signed.

Meanwhile, a separate dispute involving Ansett terminal leases at the Canberra airport has been adjourned for hearing until mid March.

<Two hundred and fifty lawyers are still pouring over the final contract, which has yet to be signed.>
(sic)
250 lawyers are wetting themselves over the final contract

A FEDERAL Court application to approve the Ansett sale contract was adjourned after administrators revealed details of the sale were not yet complete.

But administrator Mark Korda said he was confident the February 28 deadline for the sale of the failed airline to the Tesna consortium headed by Lindsay Fox and Solomon Lew would be met.

The deadline was a self-imposed one as was the application seeking Federal Court approval of the deal, Mr Korda told reporters outside the court today.

He said the administration was not concerned by today's adjournment.

"This is complex ... but we're into the home stretch," he said.

Earlier today, Canberra Airport lawyers told Federal Court Judge Susan Kenny it had terminated the Ansett lease.

Counsel for Canberra Airport, Robert Strong, said the airport would be requiring Ansett administrators to remove carpets, which had rotted in a flood after Ansett closed its terminals and locked its doors last month.

Mr Strong said administrators would be "in for a fight" if they wanted the terminal handed back to them.

Parties will return to the court for a hearing over the lease on March 14.

Mr Korda told reporters outside the court the Canberra terminal was not required as part of the Ansett sale.

Just a sentiment...

The Australian government does not seem too ambitious in getting another Austrlian airline back to the sky. I don't understand why the Austrlian government continues to give Ansett all these problems. The government does not seem to care about the continued survival of Ansett.

Just my feeling so far...

Carfield


[This message has been edited by Carfield (edited 02-18-2002).]

you've nailed it carfield - even as an outsider it is obvious, which is why we need to support Ansett all the more and prove the beauraucracy wrong