Virgin Australia Holdings Ltd's administrator said 19 parties interested in purchasing the airline had been granted access to a data room as of May 11 and non-binding indicative offers are due on May 15, according to an affidavit.
) administrator said 19 parties interested in purchasing the airline had been granted access to a data room as of May 11 and non-binding indicative offers are due on May 15, according to an affidavit.
The 19 parties in the data room is up from eight that had signed confidentiality agreements to gain access to Virgin’s books as of April 30. Virgin Australia has 117 leased planes and engines with monthly rentals of A$40 million, of which only 50 are operational due to the low demand brought on by the coronavirus pandemic, administrator Vaughan Strawbridge said in the affidavit published by the Federal Court of Australia on Tuesday.
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