Bain Capital said it is considering another investment in an airline, partner at the company Mike Murphy told Bloomberg. This follows the company selling 30% of its shares in Virgin Australia in an initial public offering (IPO) in June.
With Bain Capital selling its stake, the airline raised A$685 million ($442.8 million) at a fixed price of A$2.90 per share ($1.89). The company still owns around 40% stake in the airline and remains the largest shareholder.
Murphy told the outlet that the company was willing to invest again in an airline, with it already looking into opportunities in India.
Virgin Australia was delisted in 2020 after Bain Capital acquired the company for approximately A$3.5bn ($2.3bn) after it entered voluntary administration.