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Bloomberg
The administrators of Virgin Australia Holdings Ltd have shortlisted a small number of bidders for the airline after receiving more interest than they anticipated.
Deloitte spent the weekend reviewing indicative offers for the carrier from interested investors and has narrowed the field to a small number of well-funded parties with strong aviation credentials, according to a statement on Monday.
The administrators said they plan to work intensely with the parties, selected following the submission of indicative bids on Friday, to have them make binding offers by mid-June.
In the statement, the company said it could not comment on who the shortlisted parties were due to confidentiality commitments. A representative for Deloitte declined to elaborate on who the parties were.