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Latest Articles in private equity group

Virgin Australia Picks New CEO With Budget Ties As Bain Pushes 'Hybrid' Strategy

Creditors owed nearly A$7 billion ($5 billion) last month approved Bain's purchase of the airline, which entered voluntary administration in April after suffering from a sharp plunge in demand because of the coronavirus pandemic.

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Virgin Australia To Cull A Third Of Its Boeing 737 Fleet Under Bain Ownership

Qantas said last month it expected its domestic market share could rise to 70% from its pre-pandemic level of 60% as the market recovers because Virgin is reducing the size of its fleet.

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Virgin Australia's Unsecured Creditors To Get 9%-13% Return Under Bain Deal -Administrator

Virgin's fleet consists of 144 planes, 44 of which are owned and 100 leased or financed, but some of the leased planes will be returned to lessors

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