FILE PHOTO: A Virgin Australia Airlines plane takes off from Kingsford Smith International Airport in Sydney, Australia, March 18, 2020. REUTERS/Loren Elliott/File Photo
SYDNEY - Virgin Australia Holdings Ltd bondholders have applied to the Takeovers Panel for approval to allow them to make an alternative proposal to creditors for the sale of the airline to private equity group Bain Capital, the panel said on Monday. Broad Peak Investment Advisers and Tor Investment Management are also seeking interim orders allowing them to access information including the terms of the Bain transaction, the panel said in a statement.
Bain last month agreed with Virgin’s administrator of Deloitte to buy Australia’s second-biggest airline for an undisclosed sum, banking on an aviation industry recovery.
Time to liquidate VirginAustralia and finally put the matter to rest. This will only cause further lack of confidence with the traveling public. 'Joe Public' will be reluctant to book any flights with VirginAustralia and risk losing more of their hard earned money...
Today?
Time to liquidate VirginAustralia and finally put the matter to rest. This will only cause further lack of confidence with the traveling public. 'Joe Public' will be reluctant to book any flights with VirginAustralia and risk losing more of their hard earned money...
I think Branson picked the wrong day
Fcuk them. Let them die.
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