Business
Virgin bondholders make $925m pitch for control of airline – Sydney Morning Herald
Virgin Australia’s bondholders say the airline should not be sold for “pandemic prices” as they submit a plan that would see them emerge as the carrier’s new owners.
Bondholders would put up $800 million to recapitalise Virgin, which went into voluntary administration with debts of $6.8 billion in April, as well as $125 million to keep the airline alive during th…
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