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17th Sep 2008, 00:57

#15 (permalink)

tinpis

Silly Old Git

Join Date: Aug 2005

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TNT sold its half share of Ansett to Air New Zealand in 1996, but incredibly, News Corporation still managed the airline. When News finally sold their half of Ansett to Air New Zealand early last year, News extracted a high price from the New Zealanders -- around $580 million in cash. Aviation consultant Peter Harbison said: "They certainly paid too much for it and I think they recognised it very shortly after, if not before, they did it."

The rest is history.

Ansett Demise?

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