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Bain, Brookfield, InterGlobe & BGH Bid For Virgin Australia

 |  May 18, 2020

Virgin Australia Holdings is expected to receive as many as eight non-binding indicative offers from potential buyers on Friday, including Brookfield, Bain Capital and BGH Capital, five sources said.

The offers for the country’s second-biggest airline, which entered voluntary administration last month owing creditors nearly A$7 billion ($4.5 billion), will be whittled down to a shortlist of about three in coming days, its administrators said.

The administrators at Deloitte aim to restructure what is the biggest Asia-Pacific casualty of the coronavirus crisis hitting the global aviation industry, and agree to deal with a buyer by the end of June.

Full Content: Reuters

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