Virgin Australia’s New Chinese Suitors Welcomed With Cash Call

  • Shareholders divided over second equity raising in three years
  • Airline targets positive cash flow in year ending June 2019

Virgin Australia Proposes $626M Equity Raise

Virgin Australia Holdings Ltd., backed by five airlines, asked shareholders for A$852 million ($627 million) in fresh capital, just days after two Chinese conglomerates agreed to buy almost a third of the company.

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