Originally Posted by
KRUSTY 34
Yes, but when Bain rode in and saved VA, REX still had several months to pull out of the deal with PAG. ...
Rex hadn't even signed with PAG at that point. The relevant chronology runs as follows:
Ww- 26 June 2020. Bain Capital enters into a sale and implementation deed with administrator Deloitte to acquire Virgin Australia.
- 29 June 2020. Rex Board approved plans for Domestic Operations.
- 22 September 2020. Rex signs with PAG, contingent on shareholder approval.
Last edited by MickG0105; 31st July 2024 at 21:11.