InterGlobe Enterprises, led by Rahul Bhatia hasn’t made the list of suitors selected by Virgin Australia Holdings Ltd’s administrators.
Virgin Australia Holdings Ltd’s administrators have short-listed potential buyers BGH Capital, Bain Capital, Indigo Partners and Cyrus Capital Partners, a source with knowledge of the matter said on Monday.
The airline’s administrators expected to receive as many as eight non-binding indicative offers from potential buyers before a submission deadline on Friday.
Binding offers for the airline are due on June 12.
The company entered voluntary administration last month owing creditors nearly A$7 billion ($4.5 billion), making it the biggest Asia-Pacific casualty of the coronavirus crisis hitting the global aviation industry.
