The next process was to discover a suitable buyer.
At the time, it said it would sell the Frigoscandia Equipment unit when it found a suitable buyer.
The parent company, International Airlines Group, cited heavy losses and the failure to find a suitable buyer as the reasons for the decision.
"Just as soon as I find a suitable buyer for the cottage I intend to sell it and leave here," she told him flatly.
No suitable buyers were found.
"I think what Gibson is trying to do with this is get its affairs in order and get refocused to find a suitable buyer."
All three hotels became controlled by the government until a suitable buyer is found in 2007.
Failing to find a suitable buyer, Fortis ceased all operations after October 23, 2006.
The company stopped operating & closed its doors for good in early 1990 after the Rank organisation could not find a suitable buyer.
He cited age as the reason, adding that he had tried to sell the newsletter but could not find a suitable buyer.