Participating in sale of Virgin Australia: IndiGo’s largest shareholder InterGlobe Enterprises
NEW DELHI: IndiGo promoter Rahul Bhatia’s InterGlobe Enterprises (IGE) on Friday said it has signed an agreement to bid for the bankrupt Virgin Australia. The carrier had announced bankruptcy on April 21 in the wake of the coronavirus pandemic, after the Australian government rejected its plea for a loan of A$1.4 billion.
“As regards Virgin Australia, InterGlobe Enterprises has signed an agreement to participate in the sale process and is bound by the confidentiality requirements of that agreement. We are unable to say anything further at this stage,” IGE said in a statement.
