Business Standard

Friday, January 10, 2025 | 07:18 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Rahul Bhatia's InterGlobe doesn't make the list of Virgin Australia suitors

Virgin Australia Holdings Ltd's administrators have short-listed potential buyers BGH Capital, Bain Capital, Indigo Partners and Cyrus Capital Partners, a source with knowledge of the matter said

Virgin Australia
Premium

Binding offers for the airline are due on June 12. Photo: Wikipedia

Reuters
InterGlobe Enterprises, led by Rahul Bhatia hasn't made the list of suitors selected by Virgin Australia Holdings Ltd's administrators.

Virgin Australia Holdings Ltd's administrators have short-listed potential buyers BGH Capital, Bain Capital, Indigo Partners and Cyrus Capital Partners, a source with knowledge of the matter said on Monday.

The airline's administrators expected to receive as many as eight non-binding indicative offers from potential buyers before a submission deadline on Friday.

Binding offers for the airline are due on June 12. The company entered voluntary administration last month owing creditors nearly A$7 billion ($4.5 billion), making it the biggest Asia-Pacific

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in