Bain Capital Specialty Finance Inc. Stock News

Virgin Australia has confirmed major changes under likely new owner Bain Capital, including 3000 staff losing their jobs, the end of Tigerair Australia and a shift to an all-Boeing-737 fleet on its ma

Richard Branson's Virgin Atlantic airline is seeking protection from creditors as it tries to survive the pandemic that is slamming air travel

Richard Branson's Virgin Atlantic airline is seeking protection from creditors as it tries to survive the pandemic that is slamming air travel

Virgin Australia plans to scale down its operations under new U.S. owners and shed a third of its staff as the airline adjusts to the pandemic

Massive job losses are predicted in Queensland, where 5000 of the airline's 9000 jobs are now based.

Airline restructure developed under new owner Bain Capital will also reduce aircraft fleet by half and suspend Tigerair brand

Virgin Australia Holdings Ltd plans to cut a third of its workforce as part of an overhaul to focus on being a domestic and short-haul international Boeing Co 737 operator under prospective new owner

Virgin Australia Holdings Ltd plans to cut a third of its workforce as part of an overhaul to focus on being a domestic and short-haul international Boeing Co 737 operator under prospective new owner

Virgin Australia, which was recently rescued from voluntary administration by Bain Capital, has outlined its future plans.

Virgin Australia announced their 'plan for a stronger, more profitable and competitive business' on Wednesday.

Virgin Australia will shed a third of its workforce – or about 3000 staff – and discontinue the Tigerair Australia brand as part of its post-administration relaunch.

Virgin Australia reveals plans to make about a third of its workforce redundant, with approximately 3,000 jobs expected to go under new owners Bain Capital, while 6,000 staff remain.

Bain and Hey have a longstanding relationship. The private-equity firm is using its inaugural Bain Tech Opportunities fund to invest in Hey.