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Anderson must respect Federal Court and give administrator a chance.

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Martin Ferguson - Anderson Must Respect Federal Court And Give Administrator A Chance Monday, 15 October 2001

ALP News Statements

Anderson Must Respect Federal Court And Give Administrator A Chance Martin Ferguson - Shadow Minister for Transport

Media Statement - 12 October 2001

The Federal Court's decision to release $150 million from Air New Zealand to Ansett gives administrators their best chance to get the airline back in the air, Shadow Transport Minister, Martin Ferguson, said today.

Mr Ferguson said it was essential the administrators retained complete discretion over the future use of the $150 million.

"The administrators now have the opportunity to use the $150 million as working capital to restructure Ansett and get it back in the air," Mr Ferguson said.

"This is consistent with the position Labor has held all along.

"Kim Beazley told ABC Radio's AM Program on October 11: 'A solution could be found to this problem provided the Government was prepared to roll up its sleeves and get in the business of finding a solution and provided it was prepared to give the administrator comfort that it was . . . not claiming this $150 million back'."

"The $150 million can be used to restructure the airline and get employees back in their jobs.

"Transport Minister must respect the decision of the Federal Court and end his bid to have the $150 million returned immediately to the Government.

"John Howard and John Anderson have been hell-bent on killing off Ansett.

"Instead, they should give the administrator the chance to get it back in the air.

"This is the best way to get better air services back to our regions, competition back in the skies and restore our critical aviation and tourism industries."