Virgin Australia’s administrator to shortlist two bidders early next week

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FILE PHOTO: A Virgin Australia Airlines plane takes off from Kingsford Smith International Airport in Sydney

SYDNEY (Reuters) – The administrator of Virgin Australia Holdings Ltd <VAH.AX> said it expected to shortlist two preferred bidders early next week after parties confirmed non-binding indicative proposals to acquire the airline on Friday.

Brookfield, which pulled out of the first bidding round and was not on the initial shortlist of four, submitted a proposal on Friday, a source with knowledge of the matter said on condition of anonymity.

Brookfield declined immediate comment.

(Reporting by Jamie Freed, Scott Murdoch and Paulina Duran; Editing by Clarence Fernandez)

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