PPRuNe Forums - View Single Post - After Ansett, the Plug Gets Pulled at Air New Zealand
Old 24th Sep 2001, 22:31
  #16 (permalink)  
GStall
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Hopefully Administration for a national flag Carrier will be a bit different from Gil. To the many hard working friends at ANZ I wish you all the best of British and hope that the outcome is positive for all. BIL have bleed ANZ dry and done nothing but fragment the company. As someone put it you can only sell the silver ware once and their unending hunt for high profits over the years has finally crippled the company. That together with the decission to buy 100% of Ansett, and then sitting and watching it be mismanaged as well. How can managers that get paid 6 and 7 figure sums be so far out of touch with how the comany's that they manage are performing, to let them get so far in the s*&t" that they need to be bailed out by the Government. The debts of ANZ and Ansett rest with them and the people who appointed them, BIL and SQ.

Keep your noses to the grind stone boys nad hope that it all works out.

[ 24 September 2001: Message edited by: GStall ]