It was my understanding that there were two main reasons for TAA's Caravelle proposal being knocked on the head.
One was the need for expensive upgrading of some airports to handle the Caravelle's performance and weight.
The other was that Ansett was not yet ready to enter the pure-jet age and thus would be disadvantaged under the two-airline policy.
Other reasons, I'm not too sure about. Any tips?
p.s. As a youngster, I was once in the presence of the legendary Arthur Butler.
I later came to understand why he was so loved and respected by his employees.
And, as for Reg Ansett's disgraceful engineering of the takeover...