Virgin Australia Custody Given to Bain Capital; Finally Ready to Take on Qantas After 7 Months Of Rebuild

November 18, 2020 11:51 AM AEDT
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The sale of Virgin Australia finally completed on 17 November 2020 and its custody was given to Bain Capital after the most challenging liquidations in Australia’s corporate history. Virgin Australia is no longer a public listed company.

Virgin Australia’s new CEO stated that Virgin Australia would position itself as a mid-market airline and would compete with its rival Qantas after rebuilding itself from its scratch during seven-months insolvency restructuring.

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