Virgin Australia Shareholder Sale Challenge Rejected By Court – Simple Flying

Virgin Australia’s long road to new ownership and a relaunch is almost over. On Tuesday, a Federal Court in Sydney cleared the way to transfer over 8 billion Virgin Australia shares to new owners, Boston-based Bain Capital. The ruling came despite two shareholders challenging the transfer.
Virgin Australia’s sale process should wrap up next week. Photo: Virgin Australia
Yesterday’s ruling confirms former shareholders are out of pocket. But some shareholders had argued there was some value in some…

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