Article: What Airlines Does Bain Capital Own?

[AFF Editor]

What Airlines Does Bain Capital Own? is an article written by AFF editorial staff:

What Airlines Does Bain Capital Own?

In 2020, Bain Capital purchased Virgin Australia out of voluntary administration after months of negotiations. The Boston-based US private equity firm now

www.australianfrequentflyer.com.au

You can leave a comment or discuss this topic below.

 

[jakeseven7]

Virgin is Bain’s largest right now, especially given the massive capital injections they’ve been forced to pour in to keep it alive because of state border restrictions and a slower than anticipated pick up in demand.

But they will be sold next year some time. Will be interesting to see how much Bain hangs on to, and who they flog VA2 off to, if it isn’t just retail investors.

 

[Human]

Iceland is a phenomenal holiday destination, offering amazing scenery that's totally alien to most Australians and friendly and welcoming people. Not to mention the Northern Lights. IcelandAir also has by far the most capacity to Iceland. It's extremely difficult to find frequent flyer availability to Iceland on any other airline.

I'd jump at the chance to fly one-stop to Iceland from Australia via Vancouver using Velocity points, flying Air Canada to Vancouver and IcelandAir the rest of the way.

All this is my long-winded way of saying that it would be great if Velocity could partner with IcelandAir!

 

[moa999]

And not the only similar firm with aviation investments

777 Partners
Flair in Canada
Backing Bonza in Australia
Stake in Asia's Value Aliiance

Indigo Partners
Frontier in US (current merger announced with Spirit)
Jetsmart in Chile
Volaris on Mexico
Wizz in Europe
Lynx in Canada.

 

[HS-TQE]

What Airlines Does Bain Capital Own? is an article written by AFF editorial staff:

What Airlines Does Bain Capital Own?

In 2020, Bain Capital purchased Virgin Australia out of voluntary administration after months of negotiations. The Boston-based US private equity firm now

www.australianfrequentflyer.com.au

You can leave a comment or discuss this topic below.

Bain Credit (a Bain Capital company) is also part of the consortium that acquired Ansett Aviation Training.

Arcadia, Bain group to buy Ansett Training for over $100m

The Aviation Training Partners consortium has saved the fondly remembered brand from COVID-19 related troubles.

www.afr.com

 

[HS-TQE]

And not the only similar firm with aviation investments

777 Partners
Flair in Canada
Backing Bonza in Australia
Stake in Asia's Value Aliiance

Indigo Partners
Frontier in US (current merger announced with Spirit)
Jetsmart in Chile
Volaris on Mexico
Wizz in Europe
Lynx in Canada.

Also to add all of QantaStar's Trunk/Regional Jet Competitors (current and upcoming) in Australia has either part or majority Private Equity company ownership.

PAG (as part of the Singaporean consortium) with Rex - on the ASX.
777 with Bonza and
Bain (94% ownership) of Virgin.

 

[AIRwin]

Indigo Partners
Frontier in US (current merger announced with Spirit)
Jetsmart in Chile
Volaris on Mexico
Wizz in Europe
Lynx in Canada

https://www.reuters.com/business/aerospace-defense/canadas-lynx-air-files-bankruptcy-protection-cease-operations-feb-26-2024-02-23/