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The Administrators regret to advise that the sale of the Ansett mainline business to the FoxLew Syndicate also known as the TESNA consortium - is off All flights operated by Ansett will be suspended as from midnight Monday 4 March 2002 Prime minister honoured and distinguished guests ladies and gentlemen welcome to national identity 2002 As other speakers will establish it takes much to move and shake a nation but even more for one to be respected and remembered by a nation such as a Australia My speech today was to focus on one of Australians most dedicated and hardworking men Sir Reginald Myles Ansett however I found it more appropriate to discuss the effects of the Ansett legacy from its humble beginning to its unfortunate demise Founded in 1936 Ansett Australia was to set to become one of Australias most competitive domestic airlines not to mention an embodiment of the dreams visions and competitive ideals of the founder Sir Ansett By 1957 Ansett Air had acquired ANA Australian National Airways Queensland Airlines and Butler Air Transport and was emerging as Australias leading air freight carrier changing its name from Ansett Airways to Ansett Transport Industries In 1969 Ansett was the largest domestic airline in Australia and continued to be until the domestic de-regulation in 1990 Ansett continued to be a driving force in the Australian aviation market for many years to come but the strong airline began to struggle when in 2000 Newscorp run by Rupert Murdoch began to devest itself from the aviation industry Though reluctant to cut airline costs Ansett continued to fly making its international stance when it became one of the major sponsors of the year 2000 Sydney Olympic Games Administrators were appointed to Ansett early September in which they revealed that Ansett faced closure running million dollar-a-day losses All Ansett operations were suspended on September 14th 2001 until a bid was secured to sell
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