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The coronavirus pandemic sent Virgin Australia broke but an agreement today to sell the airline to a private equity firm means it'll be flying for some time yet. The two remaining bidders for Virgin became one, and this morning Boston-based BainCapital agreed to buy the airline. But this program understands Bain's bid has been favoured because of the harsh conditions it intends to lay down for the airline's staff.
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Featured:
Laura Shanahan, Virgin Australia customer
Warren Staples, Senior Lecturer in Management, RMIT University
Michele O'Neill, President, ACTU
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