VA Mk.2

[Greg Hyde]

First round bids close at 6pm tonight with:

The Australian says four major bidders lined up for tomorrow's first round.

* a consortium of private equity firm BGH, AustralianSuper and Singapore's Temasek
* Canadian infrastructure investor Brookfield
* US private equity firm Bain
* India's InterGlobe Enterprises, led by Indian billionaire Rahul Bhatia who co-founded Indian budget carrier IndiGo.

Others who were "interested parties" such as Queensland's "Project Maroon" and Wesfarmers may still join one of these groups in the next four weeks, as final bids are due on June 12.

Also:

Several sources close to the process, who spoke on the condition of anonymity due to strict confidentiality agreements, said the plan includes buying eight Boeing 787 Dreamliners to replace Virgin's existing international fleet of five Boeing 777s and six Airbus A330s.

Boeing 787s have a "list price" of between $US250 million and $US338 million ($388 million to $525 million) depending on the model, although airlines normally negotiate significant discounts

https://amp.smh.com.au/business/comp...13-p54snq.html

[Philip Argy]

As long as VA Mk II does not become an EasyJet! Qantas needs head to head competition; not be left to itself to service the business market!

[Phil Stevens]

There are many business users of Easyjet, which has a good reputation in the UK. The comparison you are looking for would be Ryanair, which regards passengers as self-loading cargo.

[MarkR]

VA mk2 seems to be following a similar course to AN MK2, lots of interest but one by one they drop out, hope I am wrong!

[Greg Hyde]

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

[Greg Hyde]

First ad

https://specials.virginaustralia.com/good-thing