Brookfield, InterGlobe still on Virgin sidelines
Despite being excluded from the shortlist, any group can propose a Deed of Company Arrangement to the creditors at any time.
Despite being excluded from the shortlist, any group can propose a Deed of Company Arrangement to the creditors at any time.
Remember how airlines promised $19 flights once the pandemic was over? Those prices, like a vaccine, are a long way off.
Commonwealth Bank is said to be showing interest in funding Virgin’s ongoing operations on behalf of the new owner.
Virgin Australia’s aircraft fleet will remain intact until a buyer is found after administrator Deloitte won a new court order.
Bain says it wants to create ‘an airline for all Australians’, as the TWU pushes for JobKeeper savings to be injected into Virgin.
Canadian infrastructure giant Brookfield Asset Management may not yet be out of the race for Virgin Australia.
With the shortlist down to four, how will Brookfield engage if it remains an interested party?
Virgin Australia currently has just over $100m in cash, which could potentially tide it through to the end of July.
Indigo Partners might be reaching out for local expertise to handle its latest attempt to get into the Australian market.
Virgin Australia is understood to have reached out to the federal government for emergency funds to keep operating during the sales period.
The price that Virgin Australia bidders are prepared to pay is expected to be a point of sharp focus in the weeks ahead.
Richard Branson’s Virgin Group is expected to partner with one of the key players should it advance in the Virgin Australia bid.
One of the players now circling Virgin Australia has form in getting Richard Branson’s airline projects off the ground.
Virgin administrators expect to receive eight non-binding bids for the airline by close of business, with plans for a shortlist of three by early next week.
Four serious indicative bids, including Ben Gray’s private equity firm BGH and Singapore’s Temasek, are circling the collapsed airline.
Annastacia Palaszczuk has made a bold move to use the proposed bid for a stake in Virgin to win over regional Queensland.
Deb Frecklington let Peter Dutton into her state air space to lead the attack on the Palaszczuk government’s Virgin bid because of politics.
Can this bid for a stake in Virgin provide the miracle political rebirth that the Palaszczuk government needs to win back regional Queensland?
Two senior cabinet ministers have ridiculed the Queensland government’s plan to buy embattled airline Virgin Australia.
The man who first lured Virgin Airlines to Australia, Peter Beattie, says the company ‘is worth fighting for’.
Original URL: https://www.theaustralian.com.au/topics/virgin-australia/page/30