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ANSETT LAUNCHES OFFER FOR HAZELTON AIRLINES
AUSTRALIA, Ansett Holdings Ltd has launched an AUD$15.3 million offer for takeover of Hazelton Airlines in order to boost its regional transports operations capability in the wake of Air New Zealand's move to full ownership. The 90c offer of Ansett for every share is 36 per cent above current market price of Hazelton shares.
AVIONEWS - World Aeronautical Press Agency