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In page Reg Ansett:
"He saw his opportunity. He made an offer of £3.3 million ($6.6 million) which the ANA board promptly rejected.[2] Questions were asked about where Ansett would obtain the funds[citation needed]. There were stories about backing from two major oil companies. Later that year, on 23 August, ANA accepted the original offer.[3] The ailing ANA operation was taken over by Ansett Transport Industries to create a new national airline: Ansett-ANA. Ansett was now in the big time, but he still had to make Ansett-ANA competitive with the government airline, TAA, which was much better managed and had a superior aircraft fleet.
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