Virgin Australia sale draws strong interest

Virgin Australia Holdings Ltd is expected to receive as many as eight non-binding indicative offers from potential buyers on Friday,

SYDNEY/HONG KONG: Virgin Australia Holdings Ltd is expected to receive as many as eight non-binding indicative offers from potential buyers on Friday, which will be whittled down over the next few days to a shortlist of about three, its administrators said.

The country's second-biggest airline entered voluntary administration last month, owing creditors nearly A$7 billion ($4.5 billion) and making it the biggest Asia-Pacific casualty of the coronavirus crisis hitting the global aviation industry.