PPRuNe Forums - View Single Post - SIA buys $700 million oz this week
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Old 29th Sep 2001, 12:19
  #9 (permalink)  
Eecam
 
Join Date: Mar 2000
Location: Australia
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Actually, the statement regarding the liability may not be true in Ansett's case.

Graeme McMahon stated at a meeting of the Ansett Pilots Association yesterday, that there are mechanisms in place for the administrator to effectively nullify Ansett's debts without resorting to liquidation.

I don't know how, but it seems that someone can buy the mainline operation without inheriting the debt.

I sure as hell hope so!
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