Ansett employees finally see some cash
A creditors meeting for failed airline Ansett yesterday approved the release of $49 million in funds to ex employees.
Around 15,000 ex-Ansett workers will get an average $5000 each under the latest dividend paid by the failed airline’s administrator.
Administrator Mark Korda said he expected staff to eventually get a return of over 90c in the dollar.
“I think most people think that’s a pretty good result given the global aviation market,” he said. Ansett has only three planes left to sell after a BAe146 aircraft was sold for about $3 million to a European company this week.
More than $600 million has been returned to staff since the airline’s collapse in September 2001, but more cash will be realised with the sale of spare parts and the remaining planes.
Graham Muldoon
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