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.