May 18, 2020 / 12:32 AM / 8 days ago

BGH, Bain, Indigo Partners, Cyrus Capital make Virgin Australia shortlist- source

HONG KONG/SYDNEY May 18 (Reuters) - Virgin Australia Holdings Ltd’s administrators have short-listed potential buyers BGH Capital, Bain Capital, Indigo Partners and Cyrus Capital Partners, a source with knowledge of the matter said on Monday.

The airline’s administrators expected to receive as many as eight non-binding indicative offers from potential buyers before a submission deadline on Friday.

Binding offers for the airline are due on June 12. The company entered voluntary administration last month owing creditors nearly A$7 billion ($4.50 billion).

The shortlisted bidders were first named by The Australian Financial Review.

$1 = 1.5567 Australian dollars Reporting by Scott Murdoch, Paulina Duran and Jamie Freed; Editing by Christian Schmollinger

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below