Private equity investors circle over Virgin

Original article by Phillip Coorey, Jemima Whyte
The Australian Financial Review – Page: Online : 17-Apr-20

Virgin Australia has asked the federal government for a $1.4 billion loan to help it survive the COVID-19 induced shutdown of the aviation sector, and it has threatened to put itself into voluntary administration if government help is not forthcoming. However, pressure on the government to provide Virgin with a loan may have eased, due to reports that at least two private consortia are looking to take over the airline; one of the two is understood to be an investment bank partnered with an Australian infrastructure investor, while the other is believed to be a private equity entity in partnership with a "strategic airline investor".

CORPORATES
VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH, QANTAS AIRWAYS LIMITED – ASX QAN

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