DONE DEAL: Bain Capital agrees to buy Virgin Australia, promising to 'protect as many jobs as possible'

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• Virgin Australia has confirmed it has accepted Bain Capital's offer to buy the airline.
• In a statement on Friday, Virgin CEO Paul Scurrah said Bain's bid offered "the best possible future" for the carrier.
• Bain has promised to retain as many employees as possible.
• Visit Business Insider Australia's homepage for more stories.

An hour after its only rival dropped out of the race, Bain Capital has revealed it has officially agreed to buy Virgin Australia.

The Boston-based private equity firm issued a statement to Business Insider Australia confirming it and the airline had locked up a deal.

See the rest of the story at Business Insider

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