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Virgin Australia: Sale price revealed as Deloitte hands down final report – NEWS.com.au
Virgin Australia: Sale price revealed as Deloitte hands down final report
US firm Bain Capital will pay $3.5 billion to take control of Virgin Australia, with the airlines unsecured creditors to see their debt assets almost wiped out in the deal. Those are some of the revelations in administrator Deloitte’s report to creditors that was released today following a four-month investigation into the troubled airline.
Deloitte has recommended creditors endorse Bain’s deed of company arrangement in a vote on September 4, with administrator Vaughan Strawbridge saying the sa…
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