Bondholders looks to usurp Bain Virgin Australia deal 

Bondholders in Virgin Australia, which has been in administration since April, today submitted an updated proposal to take over the company as an alternative to the approach from Bain Capital selected by administrator Deloitte. The new proposal from bondholders Broad Peak Investment Advisers and Tor Investment Management is “substantially the same” as the approach they lodged last month, a spokesman told Reuters in a statement. The spokesman said the bondholders were seeking to work with Deloitte to receive access to stakeholders and information ahead of an August 26 meeting at which a deal for the future running of the company