June 26 (Reuters) - Deloitte:
- TRANSACTION AGREEMENT WITH BAIN CAPITAL REGARDING SALE & RECAPITALISATION OF VIRGIN AUSTRALIA PROVIDES SIGNIFICANT INJECTION OF CAPITAL
- COMPLETION OF SALE AND IMPLEMENTATION WITH BAIN CAPITAL WILL OCCUR AFTER 2ND MEETING OF CREDITORS, CURRENTLY SCHEDULED BEFORE END OF AUGUST
- TRANSACTION SUPPORTS CURRENT MANAGEMENT TEAM LED BY PAUL SCURRAH & THEIR IMPROVEMENT PLAN FOR AIRLINE
- TRANSACTION CARRIES FORWARD ALL TRAVEL CREDITS AND VELOCITY FREQUENT FLYER BOOKED FLIGHTS
- TRANSACTION COMMITS TO RETENTION OF THOUSANDS OF JOBS & HONOURS ALL EMPLOYEE ENTITLEMENTS
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