Originally Posted by
Chris2303
https://australianaviation.com.au/20...paign=21072020
Virgin Australia’s administrator has told creditors it won’t be accepting a rival bid from bondholders – despite a Federal Court judge insisting the group can put their alternative proposal to a vote.
Deloitte made the declaration in a letter sent on Friday, which also confirmed that ‘winning’ bidder Bain has already pumped $125 million into the business to keep it trading. More
Now wait for the injunction given the Judge's order....