US-based PE firm Cyrus Capital withdraws offer for Virgin Australia

US-based PE firm Cyrus Capital withdraws offer for Virgin Australia

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

Cyrus Capital Partners said on Friday it had withdrawn its bid for Virgin Australia Holdings Ltd, citing a lack of engagement by the airline’s administrator, but said it was willing to reinstate it under certain conditions.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter