PPRuNe Forums - View Single Post - Private equity take-over for Virgin Australia?
Old 23rd Apr 2020, 09:15
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Led Zeppelin
 
Join Date: Nov 2005
Location: UK
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The Ansett specific arrangements were called SEESA (Special Employee Entitlements Scheme for Ansett) and provided the following:

Wages
Accrued annual leave
Long service leave
Pay in lieu of notice
Up to eight weeks redundancy payments

The government was never going to be out of pocket as they made millions from the passenger ticket levy that was set up to pay for the arrangements.
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