{"id":372071,"date":"2020-09-05T10:49:01","date_gmt":"2020-09-05T05:19:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=372071"},"modified":"2020-09-05T10:49:01","modified_gmt":"2020-09-05T05:19:01","slug":"virgin-australia-airline-to-be-sold-to-us-based-bain-capital","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/virgin-australia-airline-to-be-sold-to-us-based-bain-capital\/","title":{"rendered":"Virgin Australia airline to be sold to US-based Bain Capital"},"content":{"rendered":"<p>Virgin Australia&#8217;s creditors agreed on Friday to sell the airline to Boston-based Bain Capital in a deal that will see the carrier cut 3,000 jobs and end many of its international flights. Co-founded by British businessman Richard Branson, the airline in April became the world&#8217;s largest to seek bankruptcy protection after the coronavirus pandemic grounded much of the aviation industry. It plans to reemerge with cheap fares as a value-based carrier.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Virgin Australia&#8217;s creditors agreed on Friday to sell the airline to Boston-based Bain Capital in a deal that will see the carrier cut 3,000 jobs and end many of its international flights. Co-founded by British businessman Richard Branson, the airline in April became the world&#8217;s largest to seek bankruptcy protection after the coronavirus pandemic grounded much of the aviation industry. It plans to reemerge with cheap fares as a value-based carrier.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-372071","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/372071","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=372071"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/372071\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=372071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=372071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=372071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}