The company behind the successful bid for Virgin Australia, Bain Capital, has vowed to keep thousands of jobs, honour all employee entitlements and carry forward all travel credits and Velocity frequent flyer booked flights. Key points: Boston-based global investment firm Bain Capital has vowed to protect jobs and invest in regional services The sale needs to be approved in August …
Virgin Australia has narrowed the shortlist of bidders for the troubled airline down to two: Boston-based private investment firm Bain Capital, and global investor Cyrus Capital Partners, which has links to British billionaire and Virgin founder Richard Branson. Key points: After a competitive process, two bidders have emerged for Virgin Australia and final bids are due on June 12 The …