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Ansett Administrators resign

 
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Old 17th Sep 2001, 12:17
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Post Ansett Administrators resign

The Administrators from Price Waterhouse Coopers have just resigned, citing a conflict of interest.

New administrators (Andersen's)? have been appointed to take over this role.

What effect will this have on the attempts to get AN up and running?

Any experts care to comment ??
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Old 17th Sep 2001, 13:11
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Question.....Why?????.....ABC News indicated that the Unions felt there was a conflict of interest
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Old 17th Sep 2001, 13:46
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nasa,

Yes I saw that too, on Sky News they said it was because the ACTU did not trust them, as they had worked for Air NZ previously, thus the possible conflict of interest???

Best regards,

"lame"

Maybe Air NZ will use them now, think that they will need someone VERY soon too........
 
Old 17th Sep 2001, 15:49
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Arthur Anderson confirmed as the new Administrator as from Monday evening. Creditors' Meeting will be rescheduled to later in the week. This may appear to some as a setback, but we need to be patient to achieve the best possible outcome. Andersons acknowledged by the ACTU as being sympathetic to the employees' cause, as Administrators not LIQUIDATORS.
Also, see my message on Hairy Lasso's post -
"Ansett possibly back in the air soon", 16/9.
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Old 17th Sep 2001, 15:54
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Price Waterhouse Coopers are also the Liquidators of Flight West Airlines.
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Old 17th Sep 2001, 19:43
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fish

I wonder what Price Waterhouse Coopers found that scared the s**t out of them? I wonder what Anderson's will do when they find the same stuff?
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Old 18th Sep 2001, 01:32
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Makes you wonder if the ACTU wants Ansett up & running again in some form or another?

In the 80's here we (NZ) were very unionisned, unfortuately in the end the workers were the ones who got dicked as it got to the point where companies couldn't take a p#iss without union approval.

So along came the Employement Relations Act & the power went all to the companies.
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Old 18th Sep 2001, 02:05
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Ansett could have been flying a freighter only operation today, however the unions in their wisdom saw a conflict of interest across the Tasman.

Yet Arthur Anderson are the accounting firm for Hazelton, so this makes Arthur Anderson a creditor.

So they must be more easily manipulated by the ACTU.

Do the ACTU actually want AN to fly again?
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Old 18th Sep 2001, 02:57
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PWC were asked to leave by the Unions due their sister company in the NZ working for Air NZ.
Hedge looked like he wanted to see it thru. genuine disappointment at losing a 24hr/day suicide mission.
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