Aussie Consortium To Buy Ansett Regional Subs

Aviation International News » June 2002
October 9, 2007, 5:12 AM

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.

Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.