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Virgin bondholders push to meet airline management and unions – Sydney Morning Herald
Virgin Australia bondholders trying to derail the bankrupt airline’s sale to Bain Capital have lodged a draft deed of company arrangement to its administrators.
“We have the funds and the ability to implement this proposal and firmly believe that our proposal represents the best option for Virgin Australia, its employees, creditors, stakeholders and the Australian community,” a spokesman for the bondholders said.
“Engagement with Virgin management, unions, lessors and other stakeholders is a priority for the bondholders, starting this week.”
The spokesman stressed the bondholders needed to meet with those key stakeholders and access other information …
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