If I may,
Flying Tiger, [quote]
Over the past six months, Pprune has proved beyond a shadow of doubt just how little pilots know or understand about the commercial world, or even the industry in which they work.<hr></blockquote>. .You are obviously new to aviation, or have not researched the subject of pilots involvement in airlines too thoroughly, ESPECIALLY the very subject of this thread -
Ansett - named after the
pilot, founder and
manager, Sir Reginald Ansett, who ran an
efficent, prosperous, and financially healthy company for DECADES before it was placed in the hands of
non-pilot management, and which heralded the beginning of the end.
[quote]
Ansett Mark II is not operating to make a profit, and never was. It was started initially to retain value in the airline for sale.<hr></blockquote>. .Really? So what was the projected weekly/monthly LOSS, if indeed - as it now appears - there was any cap?. .Little wonder the creditors were calling for liquidation, knowing that the
M&M's were at liberty to continue trading on REGARDLESS!! <img src="eek.gif" border="0"> . .The point that it was "to retain value" is truly moot, as the past couple of months have - without doubt - greatly DEPRECIATED Ansett's worth because of the depth of uncertainty in the publics' eye, of the airline's survival beyond February.
[quote]
The decisions made by the two Marks have been pure business.<hr></blockquote> . .Apparently so, however it appears that THAT may be less than the case on the
FLEW-ACTU side of the fence, and if the
M&M's were not aware of the political cards being played then they were the wrong men for the job, and could very well - along with the ex-Ansett staff - end up being the fall guys!!
. . [quote]
This is because they are legally liable for any committments made in administration which can't be met. Their houses are on the line, and there is no room for sentiment. That is why they make such big $$$. Please don't underestimate the risk.<hr></blockquote>. .I doubt that you're going to find little sympathy there, especially from Ansett employees, many of whom are now looking at the prospect of
losing their houses and more, and NEVER in line for a HUGE WINDFALL
IF the
TESNA deal had gone ahead!
[quote]
The interesting thing now is what happens if the sale is not finalised by Thursday. The administrators have indicated their intention to cease operations and stem the flow of red ink. Again, this is a pure business decision because at this time they are saying they cannot guarantee the best outcome for creditors if they continue operations, even if the sale does subsequently settle.<hr></blockquote> . .The BEST outcome for the creditors was to liquidate Ansett several months ago. The $$$'s available THEN were
substantially more than will be NOW, even IF the sale had gone thru'!
[quote]
Remember it is not you, or me, or Tesna, or Lang, or anyone else who matters here. It is only the creditors, and we are all wasting our time getting bitter and angry about anything else.<hr></blockquote>. .The
EX-EMPLOYEES ARE the creditors!! It is not possible to to de-humanise the issue here by referring to "the creditors". Those "creditors" represent
tens of thousands of Australian families, and it is those
PEOPLE whose lives are being SEVERELY affected!. .
PEOPLE and
FAMILIES - not names, such as
Westpac and
Diners Club!!
Enough of me for now. I'm
ABSOLUTELY DISGUSTED that big business (and that includes the ACTU,
again) has been allowed to destroy so many lives as they gamble to make yet another few hundred million to add to their empires! <img src="mad.gif" border="0">