Virgin Australia airline to be sold to US-based Bain Capital
https://abcnews.go.com/International/wireStory/virgin-australia-airline-sold-us-based-bain-capital-72812391
Sep 04, 2020 · Virgin Australia said the deal with Bain, worth 3.5 billion Australian dollars ($2.5 billion), would see unsecured creditors get paid between 9 and 13 cents on the dollar for their claims. Virgin's creditors are owed a total of about AU$7 billion. Due to the pandemic, the creditor meeting was held online.
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