The bankruptcy administrators in charge of the operations of Ansett Airlines subsidiary Kendall Airlines and independent Ansett affiliate Hazelton Airlines have accepted a A$500,000 ($275,000) deposit from Australiawide Airlines as part of a tentative purchase agreement for both carriers. Placed under the control of the administrators after Ansett Airlines fell into bankruptcy last September, the regional carriers have watched their market share erode as Qantas Airways in April began expanding its short-haul presence with the addition of six Boeing 717s and seven new routes in eastern Australia. The deal with Australiawide came soon after Richard Branson’s Virgin Blue finished a due-diligence process on the two regional airlines, leading to a decision not to pursue a takeover.
Aussie Consortium To Buy Ansett Regional Subs
- October 9, 2007, 5:12 AM