Reports: Virgin Australia buyers shortlisted to four

Virgin Australia’s Administrators have shortlisted 4 potential buyers for the airline. The list was whittled down from at least 8 non-binding bids that were received on Friday. ABC News reports the shortlisted buyers are US private investment firm Bain Capital, Australian private equity firm BGH Capital, US airline investor Indigo Partners and global investor Cyrus…

Thai Airways to restructure via a bankruptcy court

Today (May 19, 2020), the Thai Cabinet approved the reform plan for THAI which will be implemented through the business reorganization chapter under the auspices of the Central Bankruptcy Court of Thailand and the Bankruptcy Act. In the meantime, THAI is able to operate flights and run its business as usual. Although THAI’ s reform…