FlyerTalk Forums

FlyerTalk Forums (
-   Ansett Australian Global Rewards (
-   -   Court ratifies $200m Ansett payout (

RichardMEL Oct 12, 01 2:39 am

Court ratifies $200m Ansett payout
Court ratifies $200m Ansett payout
From AAP

THE Federal Court has approved a $200 million-plus payout deal from Air New Zealand to Ansett.

Justice Alan Goldberg ratified the package which includes a $150 million cash injection from the New Zealand government and the waiving of Ansett debts to Air New Zealand.
The deal overrides a $400 million letter of comfort signed by Air New Zealand directors and takes away Ansett's right to pursue Air New Zealand for future payment.

RichardMEL, UA 1K
A Star Alliance Member.

All times are GMT -6. The time now is 4:05 am.

This site is owned, operated, and maintained by MH Sub I, LLC dba Internet Brands. Copyright 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Designated trademarks are the property of their respective owners.