{"id":371948,"date":"2020-09-05T08:35:05","date_gmt":"2020-09-05T03:05:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=371948"},"modified":"2020-09-05T08:57:10","modified_gmt":"2020-09-05T03:27:10","slug":"virgin-australia-creditors-approve-airlines-purchase-by-bain-capital","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/virgin-australia-creditors-approve-airlines-purchase-by-bain-capital\/","title":{"rendered":"Virgin Australia creditors approve airline&#8217;s purchase by Bain Capital"},"content":{"rendered":"<p>SYDNEY (Reuters) &#8211; Virgin Australia Holdings Ltd&#8217;s creditors on Friday voted in favour of the purchase of Australia&#8217;s second-biggest airline by U.S. private equity group Bain Capital, according to a statement from the Transport Workers&#8217; Union. <\/p>\n<p>The union, representing some of Virgin&#8217;s 9,000 employees, said it welcomed approval of the deal, which will allow the carrier to exit voluntary administration. <\/p>\n<p>Virgin entered administration in April owing A$7 billion ($5.1 billion) to creditors after suffering from a sharp plunge in demand due to the coronavirus pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SYDNEY (Reuters) &#8211; Virgin Australia Holdings Ltd&#8217;s creditors on Friday voted in favour of the purchase of Australia&#8217;s second-biggest airline by U.S. private equity group Bain Capital, according to a statement from the Transport Workers&#8217; Union. The union, representing some of Virgin&#8217;s 9,000 employees, said it welcomed approval of the deal, which will allow the carrier to exit voluntary administration. Virgin entered administration in April owing A$7 billion ($5.1 billion) to creditors after suffering from a sharp plunge in demand due to the coronavirus pandemic.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-371948","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/371948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=371948"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/371948\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=371948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=371948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=371948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}