News Soon?

 
Old Feb 18, 02, 10:22 pm
  #1  
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Join Date: Feb 2002
Location: Sydney, New South Wales, AU
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News Soon?

Ansett to air new rewards
By Steve Creedy
The Australian
19feb02

ANSETT could unveil its new frequent-flyer scheme as early as today as it attempts to make 2.7 million Global Rewards members, owed almost 70 billion points, think twice about defecting to other airlines.

Prospective owner Tesna has refused to reveal details of the long-awaited scheme but sources say the offer will be "very generous". While people would not get their old points back, "there's still going to be an incentive bonus program to allow people to earn points very, very quickly", an airline spokesman said.

The launch may spark a frequent-flyer points war if Qantas moves to protect the ground it has gained since Ansett's collapse in September by countering any bonus offers from Ansett. A Qantas spokesman said last night: "We do not know what they may or may not do; however, we will remain competitive."

The new scheme will also come under intense scrutiny from groups representing frequent flyers, and has been identified by the administrators as a key issue in continuing negotiations about the value of the frequent-flyer points.

Diners Club Australia and an Adelaide law firm are disputing a valuation of $140million put on the points by the administrators for last month's creditors meeting.

"Our members tell us that if Tesna want them to fly with Ansett, then they need to do something about their past points," Diners Club marketing executive James Atkins said.

Tesna already has moved to placate corporate travellers by announcing on Sunday it would restore full entitlements to 1.3 million former Golden Wing lounge memberships and extend their memberships by six months once the sale is completed.

The administrators are expected to flag their intention to complete the sale in the Federal Court in Melbourne today but it was not clear last night when the transfer to Tesna would officially take place. The sale must be completed by February 28 and cleared its most significant hurdle last week when Tesna reached an in-principle agreement with Sydney Airport.

Tesna hopes to reach agreements with Perth and Adelaide airports by the middle of the week and Melbourne and Brisbane airports by week's end.
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Old Feb 18, 02, 10:34 pm
  #2  
 
Join Date: Dec 2000
Location: Melbourne, Vic., Australia.
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yeah yeah how many times have we heard this before?

I wonder if they're waiting till the sale is finalised?

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