DataRoom AM: Virgin booster shot

Virgin Australia gets some help from its major shareholders, while Transurban and AustralianSuper look to have joined forces in a bid for Queensland Motorways.

Virgin Australia’s biggest shareholders have lifted their stakes in the airline by 4 per cent thanks to retail shareholders showing little interest in Virgin’s latest capital raising. Given the Australian aviation sector is in a pretty rough spot, it is no surprise most shareholders didn’t take up their entitlements. Nevertheless, Air New Zealand, Etihad Airways and Singapore Airlines won’t mind picking up the slack, with everything largely going to plan with their investments so far.

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Daniel Palmer

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