Air New Zealand may well face the same fate as Ansett in the near future.
Unaudited accounts, Directors resigning from Ansett boards on the 24th August, gearing ratios off the planet, loss of trans tasman feeder traffic, loss of revenue over the pacific because of the tragic events of last Tuesday in the US.
This does not of course include the almost certain legal action that Air NZ will now face from very cashed up unions around Australia.
Even the Australian government is talking about aggressive follow up of employee's entitlements.
Interesting times.
