 "Virgin Australia")
InterGlobe Enterprises, the parent of the country’s largest airline IndiGo, has evinced interest in Virgin Australia, Australia’s second-largest aviation company. Virgin Australia entered bankruptcy administration two weeks ago after lawmakers refused financial aid during the Covid-19 pandemic on fears it would amount to a bailout of foreign carriers that together own 90 per cent of the airline’s stock.
Etihad Airways, Singapore Airlines, Chinese conglomerate HNA Group, and British tycoon Richard Branson’s Virgin Group are among firms that have a stake in the bankrupt carrier.
Sources said an InterGlobe team was overseeing the entire bid process. A spokesperson for IndiGo also
