Virgin Australia talking to banks for $300m loan ahead of IPO this year

Virgin Australia talking to banks for $300m loan ahead of IPO this year

FILE PHOTO: A Virgin Australia Airlines plane takes off from Kingsford Smith International Airport in Sydney, Australia, March 18, 2020. REUTERS/Loren Elliott/File Photo

Virgin Australia is in talks with banks for a loan of up to A$450 million ($296.4 million) to pay its private equity owner Bain Capital before the airline’s re-listing planned for later this year, two sources with direct knowledge of the matter said.