NZ Herald

21.04.2001

Qantas New Zealand has been placed in receivership early this morning.
[...]

The shareholders said the airline had experienced difficult trading conditions in the past year, "directly as a result of the increase in fuel prices and the decrease of the New Zealand dollar."
[...]

Qantas New Zealand's 1100 workers, including 140 pilots and 180 cabin crew, now face an uncertain future.

Mr Stiassny said there was "not a lot of good news" for Qantas NZ staff.

"In insolvency we always try to sell it as a going concern ... here, we're looking at an asset sale. We won't be needing the staff for the long term."
[...]

-- Barb Knox (barbara-knox@iname.com), April 21, 2001