Rmm From Australia, joined Feb 2001, 521 posts, RR: 1 Reply 4, posted (11 years 8 months 3 weeks 2 days 17 hours ago) and read 782 times:
Some 146's are already at Essendon and some 737's might end up there as well.
Some leased aircraft have already been re-leased by they owners. The aircraft AN owns will either be sold or parted out to pay off debt.
There are 6 A320's supposedly to be leased out to someone around July, all SALE owned aircraft. Some say SQ some say DJ, although this tends to go against DJ's philosophy. The SALE rep is busy around the hanger with these aircraft but wont give anything away.
B727-200 From Australia, joined Nov 1999, 1051 posts, RR: 3 Reply 8, posted (11 years 8 months 3 weeks 2 days 15 hours ago) and read 756 times:
The AN B762's are not that much different in vintage to some of the A300 freighters around, and they would make pretty reasonable workhourses for anyone who wanted them.
I have heard, but have not been able to confirm, that the conversion to 2-man cockpit they went through is only recognised in Australia. If this is true then it will be very hard for overseas interests to pick these aircraft up if they require the additional operating costs of an FE.
Wirraway From Australia, joined Mar 2001, 1321 posts, RR: 1 Reply 12, posted (11 years 8 months 3 weeks 2 days 8 hours ago) and read 709 times:
Anything is possible with the Star Alliance gap that
has been left, but the very first thing to be sorted
out by the 2 Marks is the sale of the bloody terminals
that is causing a bottleneck for any players.
Wirraway From Australia, joined Mar 2001, 1321 posts, RR: 1 Reply 14, posted (11 years 8 months 3 weeks 2 days 7 hours ago) and read 697 times:
Ansett parties prepare to vote on airline's future
MELBOURNE, March 25 AAP|Published: Monday March 25, 6:34 PM
The federal government is undecided whether to support Ansett administrator Andersen in its bid to hold onto the Ansett contract at a vital creditors meeting on Wednesday.
The meeting is the conclusion of the airline's second creditors meeting which began on January 19 when creditors agreed to give would-be Ansett owners Solomon Lew and Lindsay Fox an extra four weeks to clinch the sale.
The Melbourne businessmen pulled out of the deal three weeks later.
With hopes dashed of selling the airline as a going concern, administrators Mark Mentha and Mark Korda, from Andersen, have recommended creditors vote in favour of a deed of company arrangement, enabling them to keep the company in existence while they arrange an orderly sale of Ansett assets.
The arrangement will take up to two years and cost around $65 million.
The alternative is sacking the administration and liquidating Ansett with a new team of accountants and a fast sale.
A spokesman for the administrators today said creditors had already started "jockeying and jostling" for position to recoup as much as possible from the airline's remains.
"It's not uncommon in these situations for individuals to seek the best for themselves at the expense of others," he said.
"The main responsibility of the administrators is to get the best return for all."
A spokesman for Transport Minister John Anderson said representatives from Andersen and the government met today to discuss government concerns over the proposed draft deed of company arrangement.
He said the government, as a priority creditor for $315 million in loans to cover Ansett workers' entitlements, was concerned by the lack of flexibility in the document relating to the sale and operation of the airline's domestic terminal leases.
"We're looking for a response to our concerns before we decide which way to vote on Wednesday," he said.
The government has been named as a potential bidder for the lucrative Sydney terminal lease.
A buy-back of the lease would significantly enhance the value of the airport which is expected to be privatised later this year.
Administrators are said to have valued the Sydney lease at about $400 million.
Under the terms of the lease the terminal owners, including the federal government, have first option to buy back the lease at market value.
Canberra Airport, which last Friday lost a Federal Court bid to resume control of the Canberra terminal lease, is pushing for liquidation as is the Global Rewards Action Group, represented by Melbourne businessman Jon Caneva.
The group represents several hundred of Ansett's 2.7 million frequent flyers.
The ACTU has supported the administrators' proposal and will recommend the 15,000 employee creditors vote on favour of the deed of company arrangement.
Mx5_boy From , joined Dec 1969, posts, RR: Reply 15, posted (11 years 8 months 3 weeks 1 day 19 hours ago) and read 665 times:
Then they would have been the ones that were running around during administration. If you look at the big picture there is all the maintenance facilities and what not for the A320 here. Tooling etc as well. Containers for freight, handling equipment, the list goes on.
After the vote today we shall see what road the sale of AN assets takes. From what I have been hearing DJ/Lang/SQ are argueing over the terminals and what assets go to whom.
Wirraway From Australia, joined Mar 2001, 1321 posts, RR: 1 Reply 16, posted (11 years 8 months 3 weeks 1 day 13 hours ago) and read 637 times:
As well as the 3 you mentioned, you can also add
SACL, the 2 Marks are valuing the Sydney terminal
at $400M even though they were willing to sell to
Fox/Lew for $270M, the word around the traps is
that Virgin/Patrick are only willing to pay $150-200M,
as I said earlier, untill the terminals are sorted out
all players are in limbo.
Mx5_boy From , joined Dec 1969, posts, RR: Reply 17, posted (11 years 8 months 3 weeks 1 day 12 hours ago) and read 633 times:
If SACL get's the terminal, then won't it hamper things even further? I mean do you think they will try and lure whoever into them before or after the sale of SACL?
I think you will find Lang / DJ won't touch them unless they can get some guarantees off other interested parties of possible leases. Unless SQ has them in their sights? That would suite DJ / Lang well as they could just lease what they need.
Wirraway From Australia, joined Mar 2001, 1321 posts, RR: 1 Reply 18, posted (11 years 8 months 3 weeks 1 day 12 hours ago) and read 624 times:
If SACL gets the Sydney terminal then thay would
make it a common user, this would proberly work
out ok as DJ could take the gates they need, they
could not utilise all 18 in the next couple of years
anyway, if SQ or SQ/DJ decided to launch an upmarket
"Boutique" full-service airline on the main trunks there
would be plenty of excess gates to do so.