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Virgin Australia Update - August 2020

by Bonnie Corbett | Aug 11, 2020
In late June 2020, Deloitte announced that it had reached an agreement with Bain Capital, which would see Bain taking over the business. Since then, Bain has been providing interim funding to Deloitte so that the business can continue to trade and is on risk for any operational losses. In this report, we look at some of the underlying assumptions behind recovery estimates, what they may tell us in terms of the Bain proposal and what is likely to happen over the coming weeks.