Business
Too early to call Virgin sale a success, says Moore – Sydney Morning Herald
The government’s ’emissary’ to the Virgin Australia administration and former Macquarie boss Nicholas Moore says the airline’s sale process is on the right path.
Deloitte has agreed to sell Virgin to Bain Capital for an as-yet undisclosed sum. A deed of company arrangement (DOCA) will be put to a vote of creditors, owed $6.8 billion, in August. Meanwhile, a group of Virgin’s bondholders are also pushing a rival proposal that could see them take control of the airline.
The Morrison government appointed Mr Moore in April to act as its eyes and ears in the Virgin collapse and sale process, but his exact role caused some confusion among key stakeholders at …
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