PPRuNe Forums - View Single Post - Ansett gone .......but ?
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Old 20th Sep 2009, 06:37
  #45 (permalink)  
Richard Kranium
 
Join Date: Jun 2002
Location: Australia
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...well thats as involved as it needs to be, various Australian governments, there is only one, and then the NZ one, yes you are right that the open skies policy was not going to be on, because of the investment that the Aussie taxpayer now had in QF, so ANZ took on this foolish expedition to control Ansett with out any thought to all the problems like paying for it...they didn't even do due diligence on the deal, this alarmed the people in the know like bankers and economists, in the end the NZ taxpayer had to bail in 850 million into ANZ to keep it afloat as it faced bankruptcy from this gross debarcle, so NZ saved ANZ and Aussie gov just didn't care as its interest was QF.
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