Bain Capital Acquires Virgin Australia Out of Administration

Industrials · Australia · AUD 3.5B (incl. liabilities)

Bain Capital acquired Virgin Australia for approximately AUD 3.5 billion including liabilities in 2020, after the airline entered voluntary administration during the COVID-19 pandemic. In 2025 Bain sold a 25 percent stake to Qatar Airways alongside a major strategic alliance, and took the airline public on the ASX in June 2025, retaining a majority shareholding alongside Virgin Group and Queensland Investment Corporation.