LINDSAY Fox and Solomon Lew's Ansett syndicate is set to take another step towards take-off, with the imminent announcement of its management team.
Expected by the end of next week, the announcement is likely to reinforce the pre-Christmas boosts that the "Tesna" syndicate got from unions and two big US investors.
Among those rumoured to be in the new management line-up are: former British Midlands executive James Hogan, Hawaiian Airlines chief executive Paul Casey, and former Ansett International boss Garry Kingshott.
Signing off on the management structure will allow Tesna to concentrate on regulatory hurdles it needs to surmount before it can take over the airline on January 31.
Ansett creditors are expected to give Tesna the green light at a Melbourne meeting on January 29.
About four million people are entitled to vote on the issue, after administrators Mark Mentha and Mark Korda confirmed that frequent-flyer point-holders and Golden Wing members were unsecured creditors.
Tesna plans to start flying using Ansett staff, terminals and 16 Airbus A320s -- quickly bringing in leased aircraft to replace and expand the fleet.
The administrators insist Tesna is the best option. They've rejected moves by Virgin Blue and Chris Corrigan's Lang Corp.
The Fox-Lew syndicate got a welcome boost in the run-up to Christmas with news that Ryanair chairman David Bonderman and former America West Airlines chief executive Bill Franke had formed a company to buy a 40 stake.
And last week five unions covering ground-based staff, flight and cabin crew signed an enterprise agreement to deliver lower costs.
The deal maintains current pay rates and leave provisions, but promises significant improvements in productivity.
It's understood the Tesna syndicate continued to work over much of the Christmas break on operational matters such as regional ports, schedules and a deal to contract maintenance to Ansett's former facilities, which will remain with the administrators.
The syndicate is confident it can make the January 31 deadline, despite signals from the Civil Aviation Safety Authority that it will look closely at the maintenance deal.
Union officials also are confident it will be ready by the end of next month.
But there remain concerns about employee entitlements and superannuation for the thousands of workers not employed by the new airline.
As well, some analysts remain sceptical about the market's ability to support three airlines.
According to Centre Asia Pacific Aviation's Peter Harbison, Tesna is launching at the worst time of year in a market that already is oversupplied.
Al From Australia, joined Jun 1999, 593 posts, RR: 2
Reply 1, posted (13 years 2 months 5 days 18 hours ago) and read 1849 times:
I'd be happy with all three of them in any management/leadership team. Kingshott has proven to be one of the better or superior AN senior managers over the past 10 years, Casey had many years here with CO before leaving when CO left here and probably wants to come home, (especially now with merger talks in Paradise taking place), and Hogan is also an Aussie that has done very well indeed
with bmi. I know Hogan is almost a definite, but the other two I've heard little about in regards to coming on board with AN.
Mx5_boy From , joined Dec 1969, posts, RR:
Reply 2, posted (13 years 2 months 5 days 18 hours ago) and read 1846 times:
Everyone have a great xmas?
Well it seems the bobsy twins are being well advised on all matters. As the news reports keep slowly coming out it appears a very good management team is being built as we speak. As the new year unfolds I'm sure we'll hear more good news coming from the Tesna camp.
I wonder what next? These guys are pretty confident that ANIII will be sucessful, obviously they are in this for the long haul so they must have some more surprises up their sleaves.
It's interesting neither QF / ANMkII have matched DJ's 10,000 $5 AUD seat offer. This little stunt must have jammed their internet site and phone booking hotline all day yesterday. I wonder if we will see more of this 'type' of thing in the coming months?