InvestorQ : Why is Interglobe bidding for Virgin Australia and how will it help grow Indigo?
Arti Chavan made post

Why is Interglobe bidding for Virgin Australia and how will it help grow Indigo?

Answer
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3 months ago


Interglobe has expressed interest in bidding for bankrupt airline Virgin Australia Holdings. It will now evaluate bids for the airline. Virgin Australia is the region’s second largest carrier after Qantas Airways. It will get them an asset in a lucrative market with low taxes. Given a choice, Interglobe said it will prefer Virgin Australia over Air India as it is a cost effective airline. Virgin Australia grounded its operations in April post the COVID-19 outbreak. Interglobe holds 38% stake in Indian aviation leader, Indigo Airlines. This is in Indigo’s capacity as a holding company and does not involve Indigo in any way.


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diksha shah answered.
3 months ago


IndiGo parent company InterGlobe Aviation (IGA) couldn't take its place among the list of bidders to buy a stake in Richard Branson's Virgin Australia, ABC.

As per the latest disclosed reports, a total of four bidders got shortlisted; are private investment firm Bain Capital, private equity firm BGH Capital, US aviation investor Indigo Partners and global investor Cyrus Capital Partners.