Virgin Australia's administrators have overcome some obstinate bondholders to secure overwhelming creditor support for a $3.5 billion deal to sell the airline to private equity firm Bain Capital.
The administrators' report says Virgin might have traded while insolvent, but only for a few days. Getty
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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
