BGH, Bain, Indigo Partners, Cyrus Capital make Virgin Australia shortlist: source

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HONG KONG/SYDNEY (Reuters) – Virgin Australia Holdings Ltd’s (VAH.AX) administrators have short-listed potential buyers BGH Capital, Bain Capital, Indigo Partners and Cyrus Capital Partners, a source with knowledge of the matter said on Monday.

FILE PHOTO: A Virgin Australia Airlines plane takes off from Kingsford Smith International Airport in Sydney, Australia, March 18, 2020. REUTERS/Loren Elliott/File Photo

The airline’s administrators expected to receive as many as eight non-binding indicative offers from potential buyers before a submission deadline on Friday.

Binding offers for the airline are due on June 12. The company entered voluntary administration last month owing creditors

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Apollo, Oaktree, BGH among those circling Virgin Australia: sources

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SYDNEY/HONG KONG (Reuters) – Private equity and distressed situation specialists Apollo Global Management, Oaktree Capital Management and BGH Capital are among those that have expressed interest in restructuring Virgin Australia Holdings Ltd (VAH.AX), five sources said.

FILE PHOTO: Aircraft from Australia’s second largest airline, Virgin Australia, sit on the tarmac at the domestic terminal of Sydney Airport in Australia, August 19, 2018. REUTERS/David Gray/File Photo

Virgin on Tuesday entered voluntary administration in an attempt to restructure its crippling A$5 billion ($3.2 billion) debt load as it struggles with a lack of demand due to the coronavirus pandemic, making

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