The Administrators of the Virgin Australia Group (ASX:VAH) announced the process to look for a new owner and bring Virgin Australia out of voluntary administration and has taken a significant step forward. Various small number of parties were shortlisted and invited into the next stage of the process.
Vaughan Strawbridge, the Lead Partner for the Administrators, stated that the shortlisted parties are well funded and have deep aviation experience. These parties have worked constructively with the administration process and put forward reliable indicative bids. He also stated that each party has a business plan which can safeguard the future of various VAH’s employees.