Ansett Australia

Uncommon card · No. 159744

Ansett Australia, originally Ansett Airways, was a major Australian airline group based in Melbourne, Victoria. The company operated domestically within Australia, and from the 1990s, to destinations in Asia. Air New Zealand bought half of the company in 1996 and the remainder in 2000. As Ansett's losses mounted in 2001, the New Zealand government was reluctant to allow Singapore Airlines to increase its stake in Air New Zealand and recapitalise the group, while the Australian government favoured a rival proposal from Qantas. Following 65 years of operation, the airline was placed into voluntary administration on 12 September 2001 and grounded two days later, with the loss of about 16,000 jobs. A scaled-back operation resumed later that month while the administrators sought a buyer, but it ceased on 4 March 2002 after a proposed sale to a consortium led by Lindsay Fox and Solomon Lew fell through, and the group's remaining assets were then sold under a deed of company arrangement. Ansett...

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