PPRuNe Forums - View Single Post - Virgin Blue To Topple The Fox-Lew Bid For Ansett?
Old 17th Nov 2001, 13:53
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Okie
 
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From Mark Mentha's own words, the $195MM has no bearing on the Fox-Lew bid. If the government lives up to their promise, those employees who are not part of the new airline will receive their entire entitlements within approximately 6 months. If they renege on the promise, the entitlements above the government minimum will be unsecured claims and some percentage will be paid approximately 2-3 years from now. Some compassionate lot the Howard government is! They will also be able to pocket the ticket tax for all that time without any outgoings. They are putting every roadblock in the path of the administrators because they had made a deal with Qantas to have no competiton again from a full-service airline. They would therefore spend all their efforts in competing and putting Virgin out of business. All of OZ would be theirs. As Max Moore-Melton said, "they don't give a **** about Ansett".
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