bidders

Virgin Australia administrator expects 19 bidders

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

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