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Announcement On Ansett Sale Expected Today

Fri Feb 15, 2002 12:10 am

Fri, Feb 15 2002 1:20 AM AEDT


Announcement on Ansett sale expected today

It appears the last major obstacle to the sale of Ansett has been overcome.

Talks yesterday between the Fox Lew consortium and the Sydney Airport Corporation have been described as very constructive and a joint announcement is expected today.

It is believed the talks, about lease arrangements at the airport, were successful, clearing the way for Tesna to take over the failed airline before the deadline at the end of the month.

Meanwhile, a spokesman for Ansett administrators has refused to comment on leaked information suggesting the airline's losses are running far above their predicted $6 million a week.

The spokesman says all of Ansett's losses for the month are budgeted for.