Dimensions
147 x 174 x 11mm
In June 2001 Gary Toomey made a fateful pledge:
'Despite the "gloom and doom" of some commentaries on our financial position, we're not asset poor or strapped for cash. We're confident that we'll have a billion dollars to call on as we go into the next financial year, more than enough to meet our operating requirements.'
His comments were at painful odds with the reality; Ansett losing $8 million a week and passenger support diminishing in the wake of the Easter 2001 holiday chaos and 767 groundings.
'Ansett' reveals for the first time the inside story of this Australian corporate giant and the culture of denial that pervaded the company, and ultimately contributed to its demise.
The account:
- Includes chapters on the prelude and aftermath of the collapse, the history of the company and Sir Reginald Ansett - benefactor, eccentric and tyrant who snubbed the Melbourne establishment.
- Looks at the troubled months between the takeover by Air New Zealand and the grounding of the fleet.
- Examines the state of the airline industry globally pre- and post- the September 11 attacks.
- Provides an account of the role of the administrators, Mark Korda and Mark Mentha, of accounting firm, Andersen and their dealings with the Lindsay Fox-Solomon Lew consortium.
- Examines what lessons can be learned from the Ansett story.
