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Bain Capital eyeing new airline investments after Virgin IPO

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With Bain Capital cutting its stake in Virgin Australia (VA, Brisbane International) by selling 30% of its shares during an initial public offering (IPO) in late June 2025, the investment firm is reportedly on the lookout for other struggling airlines to invest in, Bloomberg reported.

The US-based firm sold the chunk of its stake in Virgin Australia for AUD685 million Australian dollars (USD446 million), tripling Bain’s initial investment. It still owns almost 40% of Virgin Australia and remains the biggest shareholder. According to Mike Murphy, the partner who led the initial acquisition, the deal’s success has changed Bain’s view of aviation as an investment.

“We would absolutely be up for it again in a different geography in a different context,” Murphy told Bloomberg. “We have got the skills to pull it off,” he added, revealing that the firm had already looked at possible deals in India.

ch-aviation reached out to Bain Capital for further comment but it said there was nothing to announce yet.

The remaining portion of the carrier is retained by the preexisting ownership group, including Bain, Qatar Airways Group (which acquired a 23% stake in 2024), Virgin Group, and Queensland Investment Corporation. After the IPO, parent entity Virgin Australia Holdings Limited began trading once more at the Australian Securities Exchange, listing under the ticker code VGN.

Bain Capital, along with two investment partners, acquired Virgin Australia in 2020 after it slid into voluntary administration, paying around AUD700 million (USD450 million) for the airline but also taking on debts of AUD5.15 billion (USD3.3 billion).

The company operates a fleet of 117 aircraft, including nine B737-700s, eight B737-8s, seventy-seven B737-800s, four B777-300ERs, seven F100s, three F70s, and four Saab 340B(Plus).



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‘This Is Not Okay’: Alaska Airlines Fleet Grounded Due To ‘IT Outage’, Passengers Stranded | World News

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Last Updated:

The airline said it experienced an “IT Outage” that resulted in a temporary, system-wide ground stop” for all flights. It was resolved, but not before leaving passengers stranded.

All flights of Alaska Airlines were grounded briefly after an IT outage. (AFP)

Alaska Airlines was hit by an “IT outage” on Monday, forcing the airline to ground all aircraft till operations went back to normal. The airline apologised for the disruption and urged travellers to check their flight status.

The airline said that around 11 pm ET (8:30 am Indian time), it experienced an “IT Outage that resulted in a temporary, system-wide ground stop for Alaska Airlines and Horizon Air flights.” Horizon Air is the Alaska Air Group’s subsidiary serving mainly the Pacific Northwest and Alaska.

Alaska Airlines later resumed operations, saying that it will take some time for overall operations to get back to normal. The ground stop was lifted at 2 am (11:30 am IST), but not before leaving several passengers stranded.

A ground stop is an air traffic control measure that restricts certain planes from taking off and requires them to remain on the ground, according to the FAA, causing potential travel disruptions and delays.

The US Federal Aviation Administration (FAA) status page showed all destinations affected by the halt of Alaska’s mainline aircraft. “We apologise for the inconvenience,” Alaska Airlines said. “As we reposition our aircraft and crews, there will most likely be residual impacts to our flights.”

Backlash From Passengers

The ground stop drew a fierce backlash from passengers who were stranded for hours. “This is brutal. We’ve been sitting at the airport for two hours,” wrote a user on X. “It’s 10:20 pm, people are tired, hungry, etc. This is not okay.”

Video from a passenger aboard a grounded flight at Seattle–Tacoma International Airport shows travellers waiting to deplane as a crew member is heard apologising on the PA system and calling it a “very, very frustrating night”.

“As soon as we landed, we moved to the middle traffic lane, and they let us know there was a malfunction in the computer system,” Chris Fabregas, a passenger who had flown in from Nashville, told CNN.

Last year, Alaska Airlines had experienced a similar IT outage that caused significant disruption to its operations, including delayed flights. Multiple users had complained that they were facing difficulties accessing its app and website.

The incident also comes more than a year after a door plug section of a newly delivered Boeing 737 Max 9 blew out during an Alaska Airlines flight between Portland, Oregon and Ontario, California in January last year, which caused several Boeing aircraft operated by US airlines to be grounded.

(with agency inputs)

Aveek Banerjee

Aveek Banerjee is a Senior Sub Editor at News18. Based in Noida with a Master’s in Global Studies, Aveek has more than three years of experience in digital media and news curation, specialising in international…Read More

Aveek Banerjee is a Senior Sub Editor at News18. Based in Noida with a Master’s in Global Studies, Aveek has more than three years of experience in digital media and news curation, specialising in international… Read More

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News world ‘This Is Not Okay’: Alaska Airlines Fleet Grounded Due To ‘IT Outage’, Passengers Stranded
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Tassili Airlines’ share transfer to Air Algérie completed

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‘Western Media Promoting Own Viewpoint…We Stand By Truth’: Aviation Minister On Air India Crash | Mobility News

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New Delhi: Union Civil Aviation Minister Kinjarapu Rammohan Naidu on Monday backed the Aircraft Accident Investigation Bureau’s (AAIB) and added that the agency is unbiased in its investigation of the Air India plane crash. He also blasted the Western media, accusing them of promoting their own viewpoint over the tragic accident. Speaking in the Lok Sabha, the Minister raised concerns about biased narratives around the incident. He pointed out that some international reports appear to promote specific viewpoints, and stressed that India relies only on facts.

Lauding the AAIB, Naidu said that the agency is “unbiased”. “I want to say to the country that AAIB has a thorough rule-based process and they are totally unbiased”, the Union Minister said, adding that, “I have seen multiple articles not only by the Indian media but also by the Western media trying to promote their own viewpoint. The way we are seeing the investigation is through facts. We want to stand by the truth. And that will only be revealed when the investigation is complete.”



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