Ansett value cut by two-thirds

[OverRun]

I'll leave the details to be scrapped over in Dunnunda and Godzone, but Ansett Holdings is now estimated to be worth just NZ $450 million (140 million UK pounds), which is a write-off of NZ $850 million since Air NZ brought it. Not bad going in only a couple of years - shows what a really determined team of management consultants and bean counters can do.

[Remember to Flare]

Not surprised if the flight up to Cairnes on monday is anything to go by. My tour party were definately unimpressed compared to internal flights in the UK.

[ANFO]

That's Cairns...mate...

[CaptSensible]

The Irish can beat that!

Aer Lingus valued at £600M IEP in March;

Government minister "in charge" (hah!) offering to flog it for £300M IEP in June.

50% devaluation in eight weeks.

Stunnin' eh?