Ansett closure at last
Join Date: Feb 2001
Location: Melbourne, Australia
Age: 84
Posts: 492
Likes: 0
Received 0 Likes
on
0 Posts
G'day, all,
I got my notification of the final dividend on Monday, and I sat down this morning to work out the %age received vs sum owed.
Of the "Redundancy owed greater than eight weeks" sum of $86264.94, I have been paid, via the 14 dividends, the total of $78191.02, leaving $8073.92 to be found somewhere in the ether!
That's a rate of 90.64%, and I have no complaints at all, it's a damned sight more than I expected 10 years ago. I'm quite impressed with the two Marks - I understand that our loss was their windfall, but I'm sure that we fared far better with them than with the course which I believe the original appointees had in mind. IIRC they were PWC?
Kind regards from a reasonably happy TNO>
I got my notification of the final dividend on Monday, and I sat down this morning to work out the %age received vs sum owed.
Of the "Redundancy owed greater than eight weeks" sum of $86264.94, I have been paid, via the 14 dividends, the total of $78191.02, leaving $8073.92 to be found somewhere in the ether!
That's a rate of 90.64%, and I have no complaints at all, it's a damned sight more than I expected 10 years ago. I'm quite impressed with the two Marks - I understand that our loss was their windfall, but I'm sure that we fared far better with them than with the course which I believe the original appointees had in mind. IIRC they were PWC?
Kind regards from a reasonably happy TNO>
Join Date: Jan 1999
Location: Next door to Hell
Posts: 149
Likes: 0
Received 0 Likes
on
0 Posts
What gripes me most is how the government double dipped and made a fortune from the closure.
If I remember correctly there was a $10/ ticket tax until some $330 million was raised and then they required the same amount back from the administrators.
If that's true then...................
If I remember correctly there was a $10/ ticket tax until some $330 million was raised and then they required the same amount back from the administrators.
If that's true then...................
Join Date: Jul 2008
Location: Skating away on the thin ice of a new day.
Posts: 1,116
Received 13 Likes
on
8 Posts
The feds cleaned up big time. That really pi$$ed off a lot of people who were happy enough to pay the levy but not just to prop up general revenue. I think I received about 90% also. can't complain about that. Ansett were lucky to have still owned some assets worth selling to fund redundancies. Thanks to all who helped out. It was pretty tough early on.
Are there any reunions planned?
Are there any reunions planned?
Join Date: Sep 2010
Location: sydney
Age: 76
Posts: 260
Likes: 0
Received 0 Likes
on
0 Posts
Good luck and best wishes to all ex Ansett colleagues , coming up to an emotional time for you all . My thoughts are with you all and sincere best wishes for your future .
ampclamp. I hear their are reunions and lunches/dinners in most capital cities.
You may also be interested in After Ansett | Careers of Strength and Spirit
You may also be interested in After Ansett | Careers of Strength and Spirit
Join Date: Jan 2008
Location: Tallong NSW
Posts: 280
Likes: 0
Received 0 Likes
on
0 Posts
There is a series of stories running on Plane Talking about the Ansett collapse that read like chapters from a book. I'm not sure if they are much comfort for the victims of Ansett in what I've read so far but there is stuff there I've never heard of before.
It talks about Toomey resigning all his directorships a month before Ansett was shut down by the first by the first administrators, and a new name for Ansett that was about to be put on a 767 in hangar in Christchurch, it was going to be Pacific Star maybe, and how Singapore Airlines and Qantas both refused to buy Ansett for $1 a week before it went under.
Ansett 2001: Was it to be Pacific Star or Australian Star? | Plane Talking
It talks about Toomey resigning all his directorships a month before Ansett was shut down by the first by the first administrators, and a new name for Ansett that was about to be put on a 767 in hangar in Christchurch, it was going to be Pacific Star maybe, and how Singapore Airlines and Qantas both refused to buy Ansett for $1 a week before it went under.
Ansett 2001: Was it to be Pacific Star or Australian Star? | Plane Talking
Join Date: Dec 2007
Location: DN
Age: 64
Posts: 36
Likes: 0
Received 0 Likes
on
0 Posts
Join Date: Feb 2007
Location: Sydney
Posts: 11
Likes: 0
Received 0 Likes
on
0 Posts
The past predicts the future....
This ends a sad chapter in Australian Aviation. Ansett was a great company, but it flourished in an environment of government protection. Its cost base was not sustainable in the deregulated world that brings us cheap plasmas. Qantas faces the same issue and has only survived due to Ansett's collapse. Now, its strategy is to back the brand that makes the most money. Seems reasonable. I wonder when that premium carrier has been relegated to history, how those staff will feel. Will they blame everyone else too? Australians need to take some lessons from Ansett. Be efficient or be unemployed.
Last edited by Nero62; 15th Sep 2011 at 07:11. Reason: typo
Join Date: Jul 2008
Location: Skating away on the thin ice of a new day.
Posts: 1,116
Received 13 Likes
on
8 Posts
yes its cost base was not sustainable especially after years of cashflow shifting to TNT and Newscorp when they were nearly broke. Air NZ were half the size and to be frank, at the time, incompetent.Their ambition was clearly higher than their ability to carry out any due diligence on what was a hollow log.
Join Date: Dec 1999
Location: Metung RSL or Collingwood Social Club on weekends!
Posts: 645
Likes: 0
Received 0 Likes
on
0 Posts
Nero62..............interesting handle for a management plant.
Cryptic for new ruler perhaps or........something more sinister maybe?
Cryptic for new ruler perhaps or........something more sinister maybe?
Reading recent AIPA cautions about being stressed worried and about mortgages I can't help remembering what it was like ten years ago. I feel very sorry for the QF pilots who are going through all this at the moment. Although their company hasn't been shut down uncertainty is still a crap feeling.
I also never take for granted that the pay goes in on the 14th of the month.
And for Ner62 the past does predict the future-it was corporate greed and incompetence that did Ansett in and it will do the same to Qantas.
I also never take for granted that the pay goes in on the 14th of the month.
And for Ner62 the past does predict the future-it was corporate greed and incompetence that did Ansett in and it will do the same to Qantas.
Join Date: Jul 2008
Location: Skating away on the thin ice of a new day.
Posts: 1,116
Received 13 Likes
on
8 Posts
If the 'last in first out' rule is applied at QF there will be quite a few ex-Ansett boys and girls back on the scrap heap. 
Join Date: Apr 2008
Location: Richmond Tasmania
Posts: 92
Likes: 0
Received 0 Likes
on
0 Posts
Just as a matter of interest, how much did the overseas scab pilots, who joined Ansett after the 89' pilots dispute, walk away with after only 10 yrs service, compared to most of you with probably 25 to 40 yrs service?
