It's taken a decade but Ansett employees have finally received their last payment.

And almost 10 years to the day after Ansett stopped flying, the process of dealing with the collapse of what was Australia's second largest airline has come to an end.

Ansett employees, who originally feared they would be lucky to even get half of their entitlements, have now been paid $727.5 million of the $758 million owed to them.

With today's final dividend of $5.3 million, they had received on average 96 cents in the dollar, administrators KordaMentha said.

Administrator Mark Korda said the decision to undertake an orderly sale of the Ansett Group's assets, rather than a fire sale at a time when the global aviation industry was in crisis, had paid off.