FlyerTalk Forums - View Single Post - News: Cloud continues to hang over Ansett sale as court adjourned
Old Feb 18, 2002, 10:13 pm
  #3  
OzFlyer
 
Join Date: Feb 2002
Location: Sydney, New South Wales, AU
Posts: 301
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.
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