PPRuNe Forums - View Single Post - Strategic Aviation to buy Ozjet
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Old 7th Jun 2009, 04:25
  #19 (permalink)  
Torres
 
Join Date: Jan 1999
Location: Queensland
Posts: 2,422
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Anyone could lodge "an expression of interest" with the Administrator to acquire the company (and thus the AOC) under a scheme of arrangement. I have no idea why and would be very surprised if an existing AOC holder would be interested in going through the process, gaining creditors agreement etc. I think the creditors would not be interested unless there was a very significant financial benefit in the deal.

Occasionally, the original share holders/Directors may offer to buy back the company in Administration (and thus AOC) through a negotiated dividend (cents in the dollar) on the debts.

Ansett Airlines (company and AOC) was for sale for at least a year, perhaps longer, before being relinquished back to CASA for cancellation.

I hate to rain on your parade, but I would be very surprised if OzJet (and it's AOC) were sold.
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