PPRuNe Forums - View Single Post - Ansett - Administrator Surrenders Aircraft Leases
Old 1st Oct 2001, 12:26
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rpt2
 
Join Date: Feb 2000
Location: Melbourne, Australia
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The Ansett Administrators recovered $10,000,000 from debtors to give them some start up capital.
Lease payments were due last Wednesday. I suggest that they may have paid the leases for the Aircraft they intend to use and surrendered the others and perhaps also discussed with the leasing companies to suspend the payment schedules during the period so they could further evaluate the situation. Also remember that the Administrators have many staff working at the Ansett head office as well as other insolvency practitioners have been contracted to perform the administrators tasks in subsididary entities.
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