Bain Capital to buy Virgin Australia in a bold bet on the recovery prospects of a shattered travel industry

Bain Capital will buy collapsed Virgin Australia Holdings in one of the biggest single bets on the airline industry since it was shattered by the coronavirus pandemic.The carrier’s administrator Deloitte named the US private equity firm as the winning bidder in a statement Friday. Bain was left as the sole suitor after Cyrus Capital Partners withdrew its takeover proposal hours earlier. Deloitte didn’t disclose the purchase price.Bain’s investment is a bold bet on a sector facing its biggest…

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