Thylacine
19th Jul 2003, 20:07
Reported on the ABC late news 9.30pm Saturday the company operating AAE announced that it was in 'provisional' receivership. "Services are to continue until a buyer can be found".
The AAE website shows that the company is "a joint venture" by Qantas and Australia Post. How in Heavens name can a company with an absolute monopoly on the airfreight market go belly up? All the national brand names offering airsatchels to full pallet loads have no alternative but to use their services.
Their fleet must be completely written down, the most expensive outlay the repainting of the 30 year old 727s in the AAE livery.
Has anyone any ideas how this has happened?
The AAE website shows that the company is "a joint venture" by Qantas and Australia Post. How in Heavens name can a company with an absolute monopoly on the airfreight market go belly up? All the national brand names offering airsatchels to full pallet loads have no alternative but to use their services.
Their fleet must be completely written down, the most expensive outlay the repainting of the 30 year old 727s in the AAE livery.
Has anyone any ideas how this has happened?