Virgin Australia airline to be sold

Virgin Australia airline to be sold to US-based Bain Capital

SYDNEY (Reuters) – Virgin Australia Holdings Ltd’s (VAH.AX) creditors voted on Friday in favour of the purchase of Australia’s second-biggest airline by U.S. private equity group Bain Capital, administrator Deloitte said, paving the way for a strategic overhaul. Virgin Australia’s creditors agreed Friday to sell the airline to Boston-based Bain Capital in a deal that…

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