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Cyrus withdraws Virgin Australia bid, leaving Bain in box seat to buy airline – Sydney Morning Herald
Cyrus – which was a founding investor alongside Richard Branson in Virgin America – said on Friday morning that it was pulling out of the sale “due to lack of engagement” by Virgin’s administrator Deloitte.
American private equity giant Bain Capital is in the box seat to become Virgin Australias new owner after rival bidder Cyrus Capital Partners withdrew its bid for the bankrupt airline.
Cyrus – which…
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