Business
Bain Capital becomes the new owner of Virgin Australia after creditors agree to $3.5 billion deal – ABC News
US private equity firm Bain Capital is the new owner of Virgin Australia, with the largest group of creditors voting in favour of the $3.5 billion sale on Friday.
US private equity firm Bain Capital is the new owner of Virgin Australia, with the largest group of creditors voting in favour of the $3.5 billion sale on Friday.
Key points:
- Virgin Australia’s $3.5 billion sale to Bain Capital had been expected to pass with the backing of key unions and the Virgin Group
- The airline will no longer be a full-service carrier, operating with a far smaller fleet and more limited routes
- Bain has vowed to pay out all worker entitlements and …
Continue Reading
-
General12 hours agoWondering about winter | The Spectator Australia
-
Noosa News20 hours agoOz Lotto’s $70 million jackpot won by Queensland syndicate – but not all of the winners know yet
-
Noosa News17 hours agoCameron Hunt, 45, charged with murder after body of his wife Louise Hunt found inside their Geham home just outside Toowoomba
-
Noosa News19 hours agoMan charged with murder after wife found dead in suspicious house fire near Toowoomba