PPRuNe Forums - View Single Post - Ansett gone .......but ?
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Old 23rd Sep 2009, 13:39
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Spaz Modic
 
Join Date: Aug 2007
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Ansett died in 1979 when TNT/NC grabbed control. Any financial statements after that were pure fiction, if they ever existed, the company being privately held. 1989 set the long fused detonator in place, not because of the dispute but in spite of it. That was the point at which economists started to assess its financial status and in 1991 the debt balloon was bulging as published. That it took another 10 years is extraordinary but demonstrates the idiocy of the headless chooks who were involved in running the joint.
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