This is unbelievable!
When Ansett failed it is alleged that the administrators did a deal with Air New Zealand for a one time payment of $150 Million
Let me see, $415 million raised, minus $150 million = $265 Million????????
I thought M&M flogged off the terminals for about $200 Million, leaving a conservative maximum of $65 raised from asset sales
So after two years of administration, and also after selling off all the assets that had a market, the best they have come up with is maybe $65 million. (after their fees)
Does this mean that everything else that Ansett owned, including 501 Swanston street, All the Aircraft, Simulators, maintenance facilities, etc etc was only worth $65 Million?
If not how much are the remaining assets (if any) worth?
Does anyone know how much money was owed to the other creditors and how much they have received?
You have to be JOKING!!!
Sir Reg must be rolling over in his grave
p.s. What happened to the $180 million missing from the ground staff superannuation fund?