Virgin Australia Holdings Ltd's administrators said they will hold a first meeting of creditors on April 30 and have retained Houlihan Lokey to advise them on restructuring the airline.
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 debt load as it struggles with a lack of demand due to the coronavirus pandemic. Australian private equity group BGH Capital is among the interested parties, two people familiar with the matter have told Reuters on condition of anonymity. BGH declined to comment.
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