The value of Virgin Australia’s frequent flyer scheme Velocity was slashed from $2 billion to $700 million in an independent report allowing Bain Capital to take full ownership of the […]
Virgin Australia boss Paul Scurrah is expected to announce his departure from the airline within days following the company’s takeover by American private equity firm Bain Capital.
Virgin Australia bondholders trying to derail the bankrupt airline’s sale to Bain Capital have lodged a draft deed of company arrangement to its administrators.
One of Virgin Australia’s largest bondholders is pushing to unseal the secret details of a deal to sell the bankrupt airline to private equity firm Bain Capital.
Major owners of Virgin Australia’s unsecured bonds have launched an extraordinary intervention to hold up the bankrupt airline’s sale to Bain Capital.
The sale of Virgin Australia to Bain Capital is facing its first legal hurdle.
Much of the focus on Virgin’s new owner Bain Capital has centred on local boss, former Olympian Mike Murphy,. But the role of Jayne Hrdlicka was just as important.
The local boss of investment giant Bain Capital, Mike Murphy, is in the midst of a corporate battle for Virgin Australia.
As the race for Virgin nears the finish line, the local boss of Bain Capital has been told he can’t bring his two most senior advisers to last-minute negotiations.
Private equity giant Bain Capital has sought to allay concerns it will be a “cut-and-run” investor if it wins the bidding race for Virgin Australia.