NEW DELHI: Billionaire Rahul Bhatia’s InterGlobe Enterprises (IGE) did not qualify to bid for Virgin Australia, according to reports.
Reuters on Monday reported that Virgin Australia Holdings’ administrators had short-listed four potential buyers for the airline — BGH Capital, Bain Capital, IndiGo Partners and Cyrus Capital Partners. The report added that the administrators were to receive as many as eight non-binding indicative offers from potential buyers before a submission deadline on Friday.
It wasn’t immediately known why IGE didn’t qualify to bid for the airline. A spokesperson for IGE, which part owns India’s IndiGo airline, said the company would not comment on the report. “We note the media coverage in Australia and have nothing further to add,” the spokesperson said in an emailed response to ET.
