Bain Capital takes Virgin Australia

Bain Capital has won the bid to buy Virgin Australia. Earlier today, Cyrus Capital Partners withdrew from the bidding process, declaring that Virgin Australia’s administrators “lacked engagement”. I thought that Cyrus Capital Partners would have won, as they have more experience in the aviation industry than Bain. But, there are several big reasons why Bain won: 1) Bain has $105 billion in assets whereas Cyrus Capital Partners only has $4 billion. 2) Although Cyrus Capital Partners has more experience in the aviation industry, Bain was founded 15 years earlier and invests in a much wider variety of markets, especially in tech and real estate. 3) A bad light was brought upon Cyrus Capital Partners after the failure of Flybe, in which it had a 40% stake, along with Virgin Group and Stobart Aviation. I have only given 3 reasons why Bain got hold of Virgin Australia and the reality is much more complex. There are many mysteries in this game and it is not always easy to write an online newspaper without giving your opinion, so that is why I thought I would give you mine. And for you, my dear readers, I have a couple questions to ask you about this subject: What is Richard Branson’s role in the bidding proccess, especially as we haven’t been hearing a lot about him recently? Who did you think would win the race for Virgin Australia? Is it unfair that private equty firms get to take hold of airlines, making the public’s voice useless? If you wish to reply to these questions, please participate in the discussion by writing a comment below. 26th of June 2020.

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