A news article yesturday from Singapore reported that VA's bondholders have ran to a firm owned by 'Temasek Holdings' to do/negotiate the infamous repetitive "Singapore to taek ovah VA !!!!111!" deal..
To stop private equity sale, Virgin Australia bondholders launch rival proposal involving Temasek-backed S'pore hedge fundSYDNEY — Virgin Australia bondholders lodged a last-ditch recapitalisation proposal for the struggling airline on Wednesday (June 24), seeking to recoup more of their investment and stop its sale to a US private equity firm.www.todayonline.com
So does this mean Star Alliance if the bondholders manage to tip Bain over