Virgin Australia, formerly known as Virgin Blue, is an Australian low-budget airline. It is one of the largest airlines in the country. The company was co-founded by the British businessman Richard Branson. The home base is Brisbane Airport. Due to the corona crisis, the Australian airline Virgin Australia fell over in mid-April. They applied for deferment of payment. From then on, Virgin Australia is managed by the insolvency company Deloitte. About 20 parties were interested in Virgin Australia. There have been all kinds of stories in the media for weeks, but now it has finally come out that of all bidders there are 2 parties who have placed an offer to take over Virgin Australia.
“Based on their public statements, both bidders are committed to seeing a strong, competitive and sustainable Virgin Australia that will operate in the future, employing many thousands of Australians and supporting the tourism industry and state and national economies,” Deloitte said in a statement.
Bain Capital and Cyrus Capital Partners are left over parties. It is expected that Tuesday June 30 will be announced by insolvency company Deloitte who it became. This is done in conjunction with Vaughan Strawbridge, the leader of the team behind the sale of Virgin Australia. However, it has already been announced by both bidders that Virgin Australia's headquarters will remain in Brisbane. Australian company Virgin Australia has a debt of approximately US $ 4,8 billion. Virgin Australia is scheduled to relaunch as an airline for medium-haul and short haul flights.
"Both bidders are determined to see a strong, competitive and sustainable Virgin Australia working in the future, employing many thousands of Australians, and supporting the tourism industry and state and national economies."
