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Lang And Virgin Discuss Bid For AN With Andersons

Sun Nov 18, 2001 10:11 am

Lang and Virgin discuss bid for Ansett with Anderson:

TRANSPORT logistics giant Lang Corporation and Virgin Blue have met with federal Transport Minister John Anderson to discuss a proposal that reportedly could threaten to derail the Fox-Lew bid for Ansett.

A spokeswoman for Mr Anderson confirmed yesterday the minister had met with Lang Corporation chief executive Chris Corrigan and Virgin Blue representatives for about an hour on Friday.

The Australian Financial Review reported the proposed deal would enable Virgin Blue to expand its operations.

It comes as the Government signalled it was not prepared to meet key demands included in the Lindsay Fox and Solomon Lew bid to launch a restructured Ansett.

Ansett creditors endorsed the Fox-Lew bid at a meeting on Thursday.

The meeting also heard Lang Corp hoped to acquire Ansett terminals and infrastructure, in conjunction with an equity deal with Virgin that would lead to the expansion of Virgin and the employment of about 2000 Ansett staff.

Source: Canberra Sunday Times