Ansett administrators play down creditors' concerns
Feb 6, 2002, 11:53 pm
#1
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Ansett administrators play down creditors' concerns
Just call me "Ansett-doc" ! http://www.flyertalk.com/forum/smile.gif
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Posted: Thu, 7 Feb 2002 16:59 AEDT
Ansett administrators play down creditors' concerns
Ansett administrators are confident the airline will continue operating until its sale to the Tesna syndicate is completed.
Administrator Mark Korda says they are working hard to finalise the deal and that issues involving the terminal lease at the Sydney Airport are close to being resolved.
The Federal Court has reserved its decision on Ansett's continued operations until early next week.
Outside the court, Mr Korda played down any concerns of creditors.
"We've made full and open and transparent disclosure to creditors about the situation," he said.
"We are making losses, but we think on balance and the creditors have voted on balance, to continue to sell the business to Tesna."
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Posted: Thu, 7 Feb 2002 16:59 AEDT
Ansett administrators play down creditors' concerns
Ansett administrators are confident the airline will continue operating until its sale to the Tesna syndicate is completed.
Administrator Mark Korda says they are working hard to finalise the deal and that issues involving the terminal lease at the Sydney Airport are close to being resolved.
The Federal Court has reserved its decision on Ansett's continued operations until early next week.
Outside the court, Mr Korda played down any concerns of creditors.
"We've made full and open and transparent disclosure to creditors about the situation," he said.
"We are making losses, but we think on balance and the creditors have voted on balance, to continue to sell the business to Tesna."
