Jamie Freed
Stories by Jamie Freed
Indigo Partners teams up with Oaktree Capital for Virgin Australia bid
Indigo is a private equity investor in low-cost airlines globally including Frontier Airlines and Wizz Air Holdings.
Virgin Australia administrators expect as many as eight non-binding offers
The country's second-biggest airline entered voluntary administration last month, owing creditors nearly A$7 billion ($4.52 billion).
Virgin Australia attracts 20 potential buyers, deal seen by June
PE firms Apollo Global, Oaktree Capital, and BGH Capital have expressed interest in the purchase.
Virgin Australia owes $4.4b to creditors, to seek waiver on aircraft leases
Virgin on Tuesday succumbed to third-party led restructuring that could lead to a sale.
Apollo, Oaktree, BGH, among others, evince interest to restructure Virgin Australia
More than ten parties have expressed interest in restructuring the country’s second-biggest airline.
Virgin Australia slips into voluntary administration
The airline was unable to secure an A$1.4 billion ($887.60 million) loan from the federal government.
Air China rules out plans to take over Cathay Pacific
Air China is Cathay’s second-largest shareholder behind manager Swire Pacific Ltd with a 45% stake.
PE firm Affinity to offload stake in Virgin Australia’s frequent-flyer program
Based on its earnings, Velocity could be valued at around A$2 billion ($1.4 billion).
Japanese carrier JAL may expand JV with Malaysia Airlines
It was too early to say whether JAL would consider an equity investment in Malaysia Airlines but future discussions were possible, JAL President Yuj
AirAsia suspends plan to venture into Vietnam
AirAsia has ended an agreement with Gumin Company Ltd and Hai Au Aviation to set up a low-cost carrier.
