Rahul Bhatia’s InterGlobe doesn’t make the list of Virgin Australia suitors

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.