ANSETT FLYS AGAIN
BUSHY----YOU HAVE SOME OF THE STORY RIGHT.THE FACTS NEED SOME ADDITIONAL INFORMATION.
THE EVENT THAT PRECIPITATED THE PURCHASE BY ANZ WAS THE ATTEMPT BY THE EMPLOYEES TO PURCHASE NEWS CORPS 50% FOR AN ESOP
NEWS CORP WENT TO SIA THEN ANZ THE DOPEY BASTARDS PAID $578M PLUS ANOTHER $113M PAYABLE IN 12 MONTHS.THE EVEN DOPIER BASTARDS WERE THE FIRB IN APPROVING THE DEAL, KNOWING THAT THE DEAL WOULD BANKRUPT ANZ. POST 9/11 THE COMPANY WOULD NORMALLY HAVE BEEN VIABLE UNDER A SCHEME OF ARRANGEMENT,BUT THIS WOULD HAVE ONLY YIELDED ABOUT $150M HOWEVER A LIQUIDATION WOULD NETT DOUBLE THAT AMOUNT.I BELIEVE THE PURCHASE OF THE CRJ,S AND THE DEBACLE OVER THE TAIL CRACKS AND ENGINE PYLONS DESERVES FURTHER SCRUTINY, THE RESULT OF ANY INVESTIGATION WOULD REVEAL THE TRUE ARCHITECT OF THESE DEBACLES.