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TWU, Branson pave way for Bain's Virgin buyout

Lucas Baird

Backing by the Transport Workers Union and Richard Branson is likely to ensure that Friday's meeting of creditors will approve Bain Capital's $3.5 billion plan to buy Virgin Australia.

The TWU, Virgin Group founder Mr Branson and the overarching British conglomerate will all vote in favour of the deal at a meeting to decide the carrier's immediate future.

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Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com

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    Original URL: https://www.afr.com/link/follow-20180101-p55s50