PPRuNe Forums - View Single Post - Virgin Blue To Topple The Fox-Lew Bid For Ansett?
Old 17th Nov 2001, 13:26
  #9 (permalink)  
lame
Guest
 
Posts: n/a
Lightbulb

Kaptin M,

As I understand it...

The Government say that the $195M is/was to be a loan to the administrators to pay the staff entitlements. This money would be paid back to the Government either from money eventually recouped from Air NZ, or from the sale of some of the assets.

The Fox/Lew bid though want this to be given to the administrators, in other words NOT a loan.

They are/were also insisting on certain other concessions from the Government to save Ansett.

However this is why this new idea from Lang/Virgin must appeal to the Government, not only are they NOT seeking any concessions from the Government, but Lang Corp are going to put money in to Virgin...

Don't know if that helps, or maybe now you are as confused as everyone else...

Best regards,

"lame"