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Virgin Australia down to two bidders

Michael is joined by Geoffrey Thomas, Aviation writer, author & commentator, regarding yesterday’s announcement that Bain Capital and Cyrus Capital Partners will be the final two bidders left in the race to buy Virgin Australia following the airline posting almost $7 billion in debt when going into voluntary administration.

 

Deloitte’s administrator Vaughan Strawbridge has declared that the two US-based private equity firms are “well-funded” and have “deep aviation experience” were chosen from a pool of five interested buyers after holding talks with Deloitte over the weekend.

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