Ansett Worldwide was sold to an affiliate of Morgan Stanley Dean Witter in February 2000 for close to US$600 million.

[4] Under Morgan Stanley ownership the company was renamed simply Ansett Worldwide, the Aviation Services being omitted.

[7] Morgan Stanley sold AWAS in 2006 to the UK hedge fund Terra Firma with management and operations relocated to Dublin.

[12] AWAS had its head office in The Galleries building (500 George Street) in the CBD of Sydney, Australia during the period of Morgan Stanley ownership.

Administratively, the CEO and selected staff relocated to the Seattle office to be closer to the owners in Morgan Stanley's New York headquarters.

The company's marketing, I.T., communications, legal, financial and administrative sections remained in Sydney throughout this period.