Another potential owner of a rebooted Virgin Australia has stuck their head above the parapet and outlined their plans for the airline. New York-based Cyrus Capital is one of four shortlisted bidders for Virgin Australia. Yesterday word leaked out on the private equity group’s ambitions for Australia’s second domestic airline.
Virgin Australia collapsed in April, having suspended most of its flying and holding around US$4.6 billion in debt.
Cyrus to keep Virgin Australia flying as a full-service airline
The Sydney Morning Herald is now reporting that Cyrus Capital wants to give the region’s dominant carrier, Qantas, a decent competitive poke by continuing to operate Virgin Australia as a full-service international airline.
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