Rahul Bhatia-owned InterGlobe Enterprises eyes failed Virgin Australia

InterGlobe Enterprises, the mother or father of the country’s most significant airline IndiGo, has evinced curiosity in Virgin Australia, Australia’s next-most significant aviation corporation. Virgin Australia entered personal bankruptcy administration two weeks back just after lawmakers refused financial support through the Covid-19 pandemic on fears it would amount to a bailout of international carriers that alongside one another personal 90 for each cent of the airline’s stock.

Etihad Airways, Singapore Airways, Chinese conglomerate HNA Group, and British tycoon Richard Branson’s Virgin Group are between firms that have a stake in the bankrupt provider.

Sources said an InterGlobe team was overseeing the total bid approach. A spokesperson for IndiGo also verified in a stock trade notification that the airline was not included in the approach.

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