SYDNEY -- Nineteen companies and investment funds in Australia and overseas are expected to meet a Friday deadline to submit non-binding indicative offers for Virgin Australia Holdings, which in April became the first Asia-Pacific airline to succumb to the coronavirus pandemic and enter bankruptcy proceedings.
"We've seen a high level of interest from a number of high-quality parties and discussions with them are progressing very well," Deloitte, the airline's administrator, said in a statement on Wednesday. "We will then work even more closely with the parties we choose to take to the next stage that will allow them to prepare binding offers by 12 June."
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