Business
Bain Capital on final approach for Virgin Australia takeover – Executive Traveller
It’s a 12-day countdown to creditor approval for Bain’s buyout of the collapsed airline.
Bain Capital is all but certain to win control of Virgin Australia in the coming fortnight, following a decision by rebel bondholders of the collapsed airline to push the eject button on their audacious counter-bid.
With its last remaining challenger sidelined Bain is now on final approach to take over the airline for which it actually began paying the bills two months ago, when administrator Deloitte chose the US-based investment giant after Cyrus Capital withdrawal its competing bid.
Two key…
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