India Australia covid-19 outbreak pandemic India Australia

IndiGo parent looks to bid for bankrupt Virgin Australia

Reading now: 770
www.livemint.com

Some 19 parties were interested in buying the airline, which entered voluntary administration last month InterGlobe Enterprises (IGE) Pvt.

Ltd, which controls the company that operates India’s largest airline, has expressed interest in bidding for bankrupt airline Virgin Australia Holdings Ltd in the first round of a sale process that concluded on Friday, said a person with direct knowledge of the development.

InterGlobe Enterprises (IGE) will now evaluate submitting financial bids for the airline, the person said on condition of anonymity.

This will be a rare instance of an Indian company bidding for a prominent foreign carrier, in this case Australia’s second largest after Qantas Airways.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA