Thread: VA Mk.2
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Old 2nd June 2020, 05:27 PM
Greg Hyde Greg Hyde is offline
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And then there were two

Virgin Australia’s administrator has just announced it’s whittled down prospective bidders to two: Bain and Cyrus Capital Partners.

Deloitte’s Vaughan Strawbridge said both parties “are well-funded, have deep aviation experience, and they see real value in the business and its future”.

The decision means that private equity firm BGH Capital and US aviation company Indigo Partners have been knocked out, ahead of a 30 June deadline for a binding agreement to be reached.

Cyrus Capital is the bidder most closely linked to Sir Richard Branson, and Australian Aviation has previously reported speculation that it plans to maintain the business as a full-service international airline.

https://australianaviation.com.au/20...paign=02062020
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