Grounded Virgin Australia aircraft are parked at Brisbane Airport on April 7, 2020. Australia's second-largest airline announced on April 21 that it had entered voluntary administration. Photo: AP Grounded Virgin Australia aircraft are parked at Brisbane Airport on April 7, 2020. Australia's second-largest airline announced on April 21 that it had entered voluntary administration. Photo: AP
Grounded Virgin Australia aircraft are parked at Brisbane Airport on April 7, 2020. Australia's second-largest airline announced on April 21 that it had entered voluntary administration. Photo: AP

Mergers & Acquisitions

Business /  Companies

Bain Capital to buy Virgin Australia in a bold bet on the recovery prospects of a shattered travel industry

  • Bain Capital was announced as the winning bidder for Virgin Australia, according to the carrier’s administrator Deloitte, without disclosing the purchase price
  • It was the sole suitor for Virgin Australia after Cyrus Capital Partners withdrew its takeover proposal hours earlier, citing ‘lack of engagement’ by Deloitte

Topic |   Mergers & Acquisitions
Bloomberg
Bloomberg

Updated: 10:38am, 26 Jun, 2020

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Grounded Virgin Australia aircraft are parked at Brisbane Airport on April 7, 2020. Australia's second-largest airline announced on April 21 that it had entered voluntary administration. Photo: AP Grounded Virgin Australia aircraft are parked at Brisbane Airport on April 7, 2020. Australia's second-largest airline announced on April 21 that it had entered voluntary administration. Photo: AP
Grounded Virgin Australia aircraft are parked at Brisbane Airport on April 7, 2020. Australia's second-largest airline announced on April 21 that it had entered voluntary administration. Photo: AP
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