Michael is joined by Geoffrey Thomas, Aviation writer, author & commentator, regarding yesterday’s announcement that Bain Capital and Cyrus Capital Partners will be the final two bidders left in the race to buy Virgin Australia following the airline posting almost $7 billion in debt when going into voluntary administration.

 

Deloitte’s administrator Vaughan Strawbridge has declared that the two US-based private equity firms are “well-funded” and have “deep aviation experience” were chosen from a pool of five interested buyers after holding talks with Deloitte over the weekend.

Michael is joined by Geoffrey&nbsp;Thomas,&nbsp;Aviation writer, author &amp; commentator, regarding yesterday&rsquo;s announcement that Bain Capital and Cyrus Capital Partners will be the final two bidders left in the race to buy Virgin Australia following the airline posting almost $7 billion in debt when going into voluntary administration.
&nbsp;
Deloitte&rsquo;s administrator Vaughan Strawbridge has declared that the two US-based private equity firms are &ldquo;well-funded&rdquo; and have &ldquo;deep aviation experience&rdquo; were chosen from a pool of five interested buyers after holding talks with Deloitte over the weekend.

A fast-paced show, focusing on current events, social issues, sport and entertainment.

A fast-paced show, focusing on current events, social issues, sport and entertainment.

Advertisement