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Virgin Australia administator picks Bain, Cyrus as final bidders

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Virgin Australia Holdings's administrator said on Tuesday it had selected Bain Capital and Cyrus Capital Partners as the final bidders for the country's second-biggest airline.

[SYDNEY] Virgin Australia Holdings's administrator said on Tuesday it had selected Bain Capital and Cyrus Capital Partners as the final bidders for the country's second-biggest airline.

Administrator Deloitte said they had been selected from five non-binding proposals received on Friday.

The others that had lodged proposals included BGH Capital, Indigo Partners and Brookfield Asset Management, Reuters had previously reported. 

REUTERS

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