Business
Bain Capital wins support from key players ahead of meeting – Sydney Morning Herald
Virgin Group founder Richard Branson and the union representing the bulk of workers at the collapsed airline are backing Bain Capital’s $3.5 billion offer for Virgin.
Virgin Group founder Richard Branson and the union representing the bulk of workers at collapsed airline Virgin Australia have thrown their support behind Bain Capital, saying they will back the proposal from the private equity outfit to resuscitate the stricken carrier.
Creditors who are owed $6.8 billion after Virgin’s April collapse, including about 9,000 of its workers, will meet on Friday to vote on Bain’s offer to buy the airline.
Richard Branson was a founding shareholder of Virgin Aust…
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