Virgin Australia administrator receives final offers from Bain, Cyrus
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SYDNEY (Reuters) - Virgin Australia Holdings Ltd's administrator said on Monday that it had received final offers for Australia's second-biggest airline from Bain Capital and Cyrus Capital Partners and that it hoped to select a preferred bidder by June 30.Bondholders are working on a revival plan for the airline involving a debt-to-equity swap if they are not satisfied with the bid the administrator chooses, according to a person with knowledge of the matter.Virgin, which competes against..