KONTAN.CO.ID - SYDNEY. Virgin Australia Holdings Ltd is expected to receive as many as eight non-binding indicative offers from potential buyers on Friday, which will be whittled down over the next few days to a shortlist of around three, its administrators said.
The country's second-biggest airline entered voluntary administration last month, owing creditors nearly A$7 billion ($4.52 billion). The administrators at Deloitte aim to agree a deal with a buyer by the end of June.
Local media have reported private equity groups BGH Capital, Bain Capital and Brookfield are leading contenders to buy the business. A Bain spokesman confirmed the company intends to bid as part of the process. BGH and Brookfield did not immediately respond to requests for comment.