Reklam
Reklam
Reklam
Reklam

Virgin Australia creditors approve Bain Capital's $2.5 billion rescue deal

VIRGIN Australia Holdings creditors have approved Bain Capital's acquisition of the airline, the last hurdle in the private equity firm's bid to restructure the business that became insolvent last April, reported Bloomberg

07 September 2020 - 05:24

VIRGIN Australia Holdings creditors have approved Bain Capital's acquisition of the airline, the last hurdle in the private equity firm's bid to restructure the business that became insolvent last April, reported Bloomberg.

The crucial vote on the A$3.5 billion (US$2.5 billion) rescue package by all the airline's creditors - including bondholders, suppliers and employee unions - was passed Friday, according to statements from Bain and administrator Deloitte.



'We can now continue the rebuilding process from the strongest possible platform and with the least disruption,' Mike Murphy, a managing director of Bain Capital, said in a statement.


SeaNews Turkey

This news 1136 hits received.

COMMENTS

  • 0 Comment