ex SimpleFlying: Virgin Australia To Stay Based In Queensland Following $138m Offer
Complete Article link here:
https://simpleflying.com/virgin-aust...ensland-offer/
An Extract here:
"Both bidders confirm Virgin Australia HQ to stay in Brisbane
Virgin Australia collapsed in April and has since been administered by global insolvency firm, Deloitte. There were some 20 parties initially interested in the airline. Deloitte whittled them down to two; Bain Capital and
Cyrus Capital. The administrator confirmed in a statement on Monday that both parties had submitted final, binding bids to
buy Virgin Australia.
It is believed the Queensland Government’s investment arm, the Queensland Investment Corporation (QIC), did a deal with both Bain and Cyrus on the weekend. It is reported that QIC offered US$138 million in benefits to keep the airline based in Brisbane and to take a stake in
Virgin Australia.
..........."
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