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Old 27th Feb 2002, 06:00
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Wirraway
 
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"Australian Financial Review"

Timeline of events since the collapse of Ansett. .Feb 27 11:52. .AAP

. .September 12:

Ansett put into voluntary administration by owner Air New Zealand, after Australian government refuses to underwrite plan to turn it into discount airline. Airline continues to fly. PriceWaterhouseCoopers appointed administrators.

. .September 13:

Acting Prime Minister Mr John Anderson rules out underwriting Ansett, says he does not know whether it can be salvaged.

. .September 14:

Administrators ground Ansett stranding 40,000 passengers and putting 16,000 jobs in jeopardy.

. .September 17:

Administrators PriceWaterhouseCoopers (PWC) quit because of union conflict of interest concerns because PWC sister company in NZ had audited Air NZ. Andersen takes over as administrator.

. .September 21:

Ansett subsidiaries Hazelton and Aeropelican resume limited services in NSW.

Ansett Pilots Association announces buyout plan, headed by former Ansett managing director and chief executive Mr Graeme McMahon.

. .September 21:

Ansett travel arm Traveland sold to internet company Internova, backed by a travel industry consortium, for an undisclosed price. Workers' entitlements are guaranteed.

. .September 24:

WA Ansett subsidiary Skywest resumes full services.

. .September 25:

Federal government announces $3.5 million loan to enable Ansett subsidiary Kendell, Australia's largest regional airline, to resume flying in South Australia, Victoria and Tasmania.

Qantas and Ansett administrator announce collapse of talks regarding Qantas leasing Ansett planes.

. .September 26:

Administrators announce deal with federal government to return 1,500 Ansett staff to work and five planes to the skies by September 29. Deal should have 11 Ansett A320s flying main capital city trunk routes within a fortnight.

. .September 27:

Administrator says resumed flights will generate $6-7 million a week. Old Ansett tickets not valid. Hundreds of phone bookings for new no-frills service in first two hours.

Government's Air Passenger Ticket Levy bill, imposing levy to help pay for Ansett entitlements, passed by Senate.

. .November 8:

Millionaire businessmen Mr Solomon Lew and Mr Lindsay Fox announce a $3.6 billion deal to take over the main assets of Ansett Airlines.

. .November 15:

Ansett's domestic contract catering arm Gate Gourmet goes into liquidation after no firm buyer is found for the business.

ANstaff, the Ansett staff consortium, announces it will fold its proposal to buy the airline and join the Lew-Fox consortium Tesna.

. .November 17:

Transport logistics giant Lang Corporation and Virgin Blue meet with Federal Transport Minister Mr Anderson to discuss a proposal that reportedly could threaten to derail the Fox-Lew bid for Ansett.

. .November 18:

Virgin Blue announces plans to bid for Ansett's airport terminals.

. .November 26:

ACTU says only 2,000 former Ansett workers would retain their jobs under a Virgin- Lang proposal to buy the failed airline, compared with up to 8,000 under the Fox-Lew bid.

. .November 27:

Transport Minister Mr Anderson says the federal government will meet most of the requests of the Fox-Lew consortium to allow its bid for Ansett Mark II to proceed.

Travel agency Traveland is placed into administration just two months after being salvaged from the assets of Ansett Australia.

. .November 30:

Virgin Blue accuses Ansett's administrators of sabotage after they deny the budget airline access to terminals.

. .December 14: . .Administrators say sale agreement between Ansett and Melbourne's Lew-Fox syndicate was as strong as ever, after a rival bidder revealed it had been asked to resubmit an offer on the beleaguered airline.

Thousands of redundant Ansett workers to receive entitlement payments in time for Christmas after the federal court released $195 million in government funds.

. .December 20: . .Ansett employees under the Fox-Lew syndicate would maintain current pay rates, after five key unions sign an enterprise agreement with Tesna.

. .December 27: . .More than 1,600 Ansett workers would be refused jobs with the revamped airline.

. .January 1: . .Mr James Hogan appointed chief executive of the revived Ansett.

. .January 10: . .Ansett administrators announce they're still seeking a buyer for the airline's maintenance and engineering departments not included in the Tesna deal.

. .January 11: . .Sacked Ansett pilots take legal action against company administrators saying the selection process for the revamped airline was "on the nose".

Unions warn prospective owner Tesna the deal was off unless $240 million of employee entitlements were secured.

. .January 15: . .Ansett employees enter into a profit-sharing deal with the airline's proposed new owners, the Fox-Lew syndicate, Tesna.

. .January 18: . .Tesna announces it will pay $270 million for Ansett's assets and take responsibility for $244 million of employee entitlements as part of its proposed purchase deal.

. .January 21: . .Tesna announces key senior executive appointments to lead the revamped Ansett airline.

. .January 23: . .Tesna's flight operations chief, former Ansett captain Mr Trevor Jensen leaves the company just two days after being appointed.

. .January 25: . .Ansett creditors give administrators the go-ahead to sell former Ansett regional subsidiaries Skywest and Aeropelican.

. .January 29: . .ACTU signs an in-principle agreement with would-be Ansett owners Mr Fox and Mr Lew securing $244 million in employee entitlements.

Proposed handover date for the Ansett sale deferred for 30 days.

Ansett creditors vote to accept the sale of the airline to Tesna.

Unions blame the Sydney Airports Corporation for forcing the delay of the Tesna/ Ansett sale deal.

. .February 7: . .Pivotal talks between Ansett administrators and the Sydney Airports Corporation Limited stall over lack of vital information from would-be Ansett owners Tesna.

. .February 9: . .Reports reveal Ansett Mark II is haemorrhaging up to $500 million a year as ticket sales slump, but administrators say it's nothing new.

Mr Lew and Mr Fox meet with Virgin Blue owner Mr Richard Branson in London.

. .February 10: . .The federal government says it does not plan to bail out Ansett if the Tesna buyout plan for the troubled airline fails to get off the ground.

Tesna vows its purchase of Ansett will go ahead, committing itself to buying 30 new Airbus planes, with an option to buy 10 more.

. .February 12: . .Ansett administrators face further Federal Court action after 12 hours of negotiations failed to resolve problems surrounding the lease of the airline's vacant Canberra terminal.

Federal Court refuses an application by Ansett administrators to support their decision to continue operating the airline at a $6 million-a-week loss, but administrators say it's "business as usual".

. .February 15: . .Tesna reaches an agreement in principle to take over the lease on the airline's Sydney domestic terminal.

. .February 17: . .Tesna announces it will restore all former Golden Wing memberships including one- year, two-year, five-year and life memberships that were valid at September 13, 2001.

. .February 19: . .Tesna announces new customer loyalty program, but old points won't be valid.

. .February 20: . .Disgruntled former Ansett frequent flyers vow to continue class action against the airline's administrators in a bid to have their points reinstated.

. .February 26: . .Ansett representatives say an increase in Ansett ticket sales for the Easter holidays shows public confidence in the airline.

Sydney Airport finally signs off lease agreement with prospective Ansett purchaser Tesna.

. .February 27: . .Ansett collapses again, with Tesna pulling out of a deal to buy the airline.
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