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Old 27th Feb 2002, 07:25
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Wirraway
 
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A news report for Ansett employees. .AN Update 040. .27 February 2002

MESSAGE FROM JAMES HOGAN: It is with the deepest regret that I must advise you that the Administrators Andersens and Tesna Co-Chairmen, Solomon Lew and Lindsay Fox, will imminently announce that the finalisation of all arrangements necessary for the completion of the sale agreement between Tesna and the Ansett Administrators cannot be achieved by 28 February, and the sale process involving Tesna and the Administrators has ceased.

I am now meeting with Mark Mentha and Mark Korda regarding the next steps we must follow and together we will issue further information and. .instructions later today including establishment of a staff help line.

Please remain in your workplaces, and maintain as you always have, your. .professional care of our customers and your support for your colleagues.

Please raise any queries directly with your manager or via email to EGM

Attached is a statement which will be issued publicly shortly by Tesna principals Solomon Lew and Lindsay Fox who are deeply disappointed as are all parties, in this outcome.

James Hogan

Released by Ansett Corporate Affairs
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