Suggestions are that the Boston-based buyout fund will stage a partial exit from the business to get some money back through the door, likely retaining between 50 and 60 per cent of the business.
https://www.theaustralian.com.au/busine ... b71491041f
Sounds like Bain is giving Virgin Australia as much breathing room as it can to get beyond Covid and get a stable position in the market. I still can't see Virgin re-entering the long-haul market and I think potential shareholders would be jittery about that too. Virgin's smart to remain domestic and short-haul to a handful of proven markets like NZ, Bali, Fiji.