Virgin Australia sale set for October completion
The acquisition of Virgin Australia Holdings (VAH) by Bain Capital is on schedule for October completion, administrator Deloitte indicated in a letter to creditors and employees. On 4 September, Creditors had accepted a proposal structured around 10 deeds of company arrangement (DOCAs) for all 41 VAH entities in voluntary administration. “I confirm the DOCAs were executed today, 25 September 2020 and will be lodged shortly with the Australian Securities and Investments Commission (ASIC),” Deloitte said in…
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