Bain Capital agrees with Virgin Australia administrator to acquire struggling airline

Bain Capital agrees with Virgin Australia administrator to acquire struggling airline

FILE PHOTO: Travellers stand at a Virgin Australia Airlines counter at Kingsford Smith International Airport during the coronavirus outbreak, in Sydney, Australia, March 18, 2020. REUTERS/Loren Elliott/File Photo

U.S. private equity group Bain Capital said on Friday it has agreed with the administrator of Virgin Australia Holdings Ltd to buy Australia‘s second-biggest airline for an undisclosed sum, banking on an aviation industry recovery.

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