PPRuNe Forums - View Single Post - Lang fights on for Ansett
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Old 8th Dec 2001, 04:03
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rpt2
 
Join Date: Feb 2000
Location: Melbourne, Australia
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I Have posted to other topics that IMHO the fight for Ansett is not over yet, the game is only just beginning.

The creditors will determine the outcome as is required by law.

The Federal Court is yet to determine as to whether or not Frequent Flyer Points Members are to be admitted as creditors.

I expect that VB/Lang Corp will keep persueing the matter with a view to obtaining more creditor suppport.

If more of the larger creditors can be influenced that they are likely to receive more from one bidder than the other, it may influence which way they will vote when it comes to the crunch.

The word around Melb is watch this space, there is quite money on VB/Lang.

I thing some Barristers may end up doing quite well out of this as well.
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