Administrator dismisses Hazelton's potential buyers
ABC News Net:
Posted: Tue, 16 Apr 2002 19:03 AEST
Administrator dismisses Hazelton's potential buyers
Hazelton Airlines' administrator says neither of the two expressions of interest in the former Ansett subsidiary are financially secure in their present form.
The Inland Marketing Corporation and a syndicate of former Ansett staff have been named as the two potential buyers.
But the sale of both Kendell and Hazelton airlines has been delayed because the administrators are not satisfied with the bids.
Hazelton administrator Michael Humphris says funding must be secure.
"I can certainly confirm that both parties have expressed interest but the current status of their bids, regardless of what they may say about their status of their bids, is that they are unfunded and we're not able to move forward with any party with funding conditional to finance in respect to their expression of interest," he said.