Views Article – Sharenet Wealth

Australasia, News

Bain Capital Agrees To Buy Virgin Australia

June 26 (Reuters) – Bain Capital:

* BAIN CAPITAL AGREES TO BUY VIRGIN AUSTRALIA

* COMMITTED TO PROTECTING AS MANY VIRGIN AUSTRALIA JOBS AS POSSIBLE & FULLY FUNDING EMPLOYEE ENTITLEMENTS

* COMMITTED TO ESTABLISHMENT OF AN EMPLOYEE OWNERSHIP / PROFIT SHARING SCHEME

* COMMITTED TO INVEST IN AND SEE CLOSER INTEGRATION OF VIRGIN AUSTRALIA AND THE VELOCITY PROGRAM

* ONGOING COMMITMENT TO INVEST IN REGIONAL SERVICES Further company coverage:


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