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Old 2nd Jul 2009, 04:53
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The Green Goblin
 
Join Date: Nov 2008
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that they didnt help and were probably the nail in the coffin for Ansett
Probably????

Singapore Airlines tried to buy Ansett to gain access to the Pacific. GD went to Howard and had the sale blocked and so Ansett was offered to ANZ who jumped at the chance. Fact is they borrowed more than they could service and soon the spares were being pillaged and sent over the pond, All ANZ flights into AU were being fueled on Ansetts account and any profit Ansett made was brought across to stop ANZ going under. Ansett made 190 million dollar profit the year before ANZ got hold of it and in two years ANZ ran it into the ground.

The NZ government bailed them out and put the national budget behind for 4 years and every Aussie air traveler for the next few years paid an Ansett levy on all Air travel to give back to the families what the Kiwis stole hitting the average family in the hip pocket.

We have long memories and are patient.
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