SYDNEY, May 15 (Reuters) - Virgin Australia Holdings Ltd is expected to receive as many as eight non-binding indicative offers from potential buyers on Friday, which will be whittled down over the next few days to a shortlist of around three, its administrators said.
The country’s second-biggest airline entered voluntary administration last month, owing creditors nearly A$7 billion ($4.52 billion). The administrators at Deloitte aim to agree a deal with a buyer by the end of June.
Administrator Vaughan Strawbridge said in a statement that eight of the nearly 20 parties that had accessed the company’s data room had been advanced enough in their interest to be given its forward-looking Virgin 2.0 business plan. ($1 = 1.5480 Australian dollars) (Reporting by Jamie Freed and Paulina Duran; Editing by Himani Sarkar)