Channel 9 had a one line anouncement at 19:00 that it's gone.

Not a good day to be giving away an airline
Good management over the last 5 years would have had AN prospering. In a 2 horse race just how did thye do it !!

A sad for all in aviation

From the news service on the internet
Quote :======
Ansett placed in voluntary administration

Ansett Airlines has been placed in voluntary administration.

Breaking from a board meeting in Auckland this evening, Air New Zealand executives made their announcement.

Ansett Holdings and some of its subsidiary companies will move into voluntary administration to enable the company to keep functioning while its options are considered.

At least one offer received involves a group of Ansett pilots with backing from European banks.

Air New Zealand says the bid is one of a number of options developed today.

While those options are investigated, PriceWaterhouse Coopers will take control of the company.
====end quote
From AN web site ===

ANSETT CONTINUES TO FLY UNDER VOLUNTARY
ADMINISTRATION

The Acting Chairman of Air New Zealand, Dr Jim Farmer, has just issued the following statement:

"Ansett Holdings Limited and a number of its subsidiary business, including airlines, have resolved to move into voluntary administration to enable continued operation while new expressions of interest in purchasing Ansett received today are pursued.

"Gregory Hall, Peter Hedge, and Allan Watson of PricewaterhouseCoopers have been appointed as the voluntary administrators to take control of Ansett."

Meanwhile Ansett and its regional airline subsidiaries will continue to operate some 700 flights daily transporting an average of 30,000 customers per day.
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[This message has been edited by Mwenenzi (edited 09-12-2001).]