Bain Capital to buy Virgin Australia: Bloomberg

Bain Capital has emerged as the winning bidder to buy bankrupt airline Virgin Australia after Cyrus Capital withdrew its bid, reported Bloomberg.

Bain Capital has emerged as the winning bidder to buy bankrupt airline Virgin Australia after Cyrus Capital withdrew its bid, reported Bloomberg. No financial terms were disclosed. The news outlet noted that Virgin Australia “collapsed” in April as the coronavirus outbreak halted global travel.

Source: Bloomberg