However, later from the 1990s Ansett Airlines starts its service of flights having its destinations in Asian Countries as well. After the huge expansion in business and covering the vast area and operating for almost 65 years in the Country and abroad. The Ansett airline was placed into administration in the year 2001 due to following a financial collapse and the subsequent organised liquidation in 2002, which leads to the subject to deed of company arrangement.

The Ansett Airlines was founded by Reginald "Reg" Ansett in 1935 with the registered name of Ansett Airways Pvt. Ltd. It was the trial initiative e by Reginald Reg to offshoot of his road transport business which eventually becomes very successful. His business became the threatening the freight and passenger revenue of Victorian Railways. This causes the state government of Melbourne to legislate the business and put the private road transport operators out of business. Ansett Airways became the big name in the field of Airlines as ANA and TAA battled for supremacy during the decades of 1940s and 1950s.

The Ansett Airlines Australia’s second largest and oldest domestic airways carrier, suddenly ended all flights after an administrator appointed by its parent company Air New Zealand declared that it had no funds to continue operating. Due to the closing of Airlines at that phase it was claimed that more than 16,000 Ansett employees lost their jobs and another 60,000 employees were have been under the threat in the supplementary companies and all over the tourism industry. The another company named as Travel Land, partly owned by Ansett, were also get affected and closed down over 100 agencies.