Virgin Australia Creditors Lose Almost Everything Under Bain
- Unsecured creditors to get return of between 9% to 13%
- Bain Capital’s proposal faces creditor vote next week
Aircraft operated by Virgin Australia Holdings Ltd. stand at Sydney Airport in Sydney, Australia, on Aug. 17.
Photographer: Brendon Thorne/BloombergThis article is for subscribers only.
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Unsecured creditors of Virgin Australia Holdings Ltd. will lose almost all their money under a A$3.5 billion ($2.5 billion) deal to sell the collapsed airline to private equity firm Bain Capital.