US private equity group Bain Capital completed the acquisition of Virgin Australia, Australia’s second-biggest airline, for $2.5bn. "This is a great day for Virgin Australia and a huge milestone as we move forward with Bain Capital. Bain Capital has spent many hours over the past weeks speaking to us and getting a deep understanding of our business and working to secure a deal with our administrators. We know they are committed to investing in the airline and we are thrilled to be working with them into the future," Paul Scurrah, Virgin Australia Group CEO and Managing Director.