Jamie Freed
Stories by Jamie Freed
Virgin Australia to pare staff, focus on domestic routes under new owner Bain
Virgin’s board selected Bain as the winning bidder of an auction following its voluntary administration in April.
Aircraft makers, lessors in a spot as SE Asian budget airline boom turns sour
Auditors for AirAsia and VietJet are concerned about cashflows.
AirAsia in trading halt after auditor flags ‘going concern’ doubts
Like airlines around the world, AirAsia has been hit hard by the coronavirus which has decimated travel demand.
Virgin Australia bondholders seek nod to put forward sale alternative
Bain last month agreed with Virgin's administrator Deloitte to buy the airline for an undisclosed sum.
Bain Capital agrees with Virgin Australia administrator to acquire struggling airline
The deal will need to be approved by 50 per cent of creditors by value and 50 per cent by number to be finalised.
US-based PE firm Cyrus Capital withdraws offer for Virgin Australia
The private equity group had been one of two final bidders selected by the administrator.
Qantas budget arm Jetstar seeks to exit Jetstar Pacific JV in Vietnam
Australia-based Jetstar owns 30 per cent of Jetstar Pacific, and Vietnam Airlines holds 70 per cent.
Hong Kong govt to lead $5b rescue package for Cathay Pacific
The Cathay pact includes an HK$11.7 billion rights issue to existing shareholders, led by Swire Pacific Ltd and Air China.
Virgin Australia administrator picks Bain, Cyrus Capital as final bidders
Cyrus was an investor in Virgin America alongside Virgin founder Richard Branson before its sale to Alaska Airlines.
Virgin Australia administrator to shortlist two bidders next week
The four on the initial shortlist included BGH Capital, Bain Capital, Indigo Partners and Cyrus Capital Partners.
