Report to creditors - interesting reading!

 
Old Jan 16, 02, 10:03 pm
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Join Date: Dec 2000
Location: Melbourne, Vic., Australia.
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Report to creditors - interesting reading!

Just going through the 88 odd page report to creditors as posted on the website. Interesting reading indeed. Specially the quickly note of Singapore Airlines being an interested party along with Tesna, Lang & ANStaff. Yet they quickly don't mention Singapore again.....

AN-II running at a trading loss on purpose because the value of operating the airline was better than not operating it.

AN International: The majority of the work has been in seeking to retain the landing slots at overseas airports. Hmmmmmm.

Tesna does not get any of the aircraft (none of the A320's are owned anyway) or spares for aircraft, just terminals, buildings, Ansett "intangibles"(brand, name etc). Tesna will lease the required Airbussen for two years until their all new fleet comes in fully.


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