DONE DEAL: Bain Capital agrees to buy Virgin Australia, promising to 'protect as many jobs as possible' — via BIAUS
Fabrizio Gandolfo/SOPA Images/LightRocket via Getty ImagesIn a statement on Friday, Virgin CEO Paul Scurrah said Bain's bid offered "the best possible future" for the carrier.Visit Business Insider Australia's homepage for more storiesAn hour after its only rival dropped out of the race, Bain Capital has revealed it has officially agreed to buy Virgin Australia.
"We are aligned in our vision for Virgin 2.0 and look forward to working with them to secure the airline's future." "We appreciate how difficult the current situation is for Virgin Australia staff. They are the essence of the business, and we thank them for their perseverance through this challenging period," Bain's Australia-based managing director Mike Murphy said.
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