Link here:
https://www.executivetraveller.com/n...e-pilot-s-seat
Extract here (bolding):
Cyrus abandons Virgin Australia bid, putting Bain in the pilot's seat-
Cyrus Capital is walking away from the content to take over Virgin Australia, in a dramatic move which sets up competitor Bain Capital to take control of the airline.
In a statement issued on Friday morning, founder and chief investment officer of the New York-based investment and private equity firm, Stephen Freidheim, said "I am disappointed that it has become necessary to withdraw our offer."
The statement cited "a lack of engagement by the administrator" Deloitte as the reason for the shock decision.
........
Ex The New York Times:
https://www.nytimes.com/reuters/2020...sultPosition=9
SYDNEY — Cyrus Capital Partners said on Friday it had withdrawn its bid for Virgin Australia Holdings Ltd, citing a lack of engagement by the airline's administrator, but said it was willing to reinstate it under certain conditions.
Interesting, bit of 'push/shove'...., or stuff-you we're gone!!!! ???
Rgds
S28- BE