Virgin Australia Holdings Ltd's administrators have reached in-principle agreements with aircraft lessors covering the bulk of its fleet to wait until after Aug. 31 to repossess planes, to allow them to complete a sale, an affidavit showed.
) administrators have reached in-principle agreements with aircraft lessors covering the bulk of its fleet to wait until after Aug. 31 to repossess planes, to allow them to complete a sale, an affidavit showed.
Lessors would normally be able to repossess planes from June 19, which is 60 calendar days after the appointment of administrators. Bain Capital and Indigo Partners have confirmed they are among parties looking to buy Australia’s second-biggest airline, which entered voluntary administration last month owing nearly A$7 billion .
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