Shortlist for Virgin Australia bidders revealed

The shortlist of bidders for beleaguered airline Virgin Australia has been whittled down to just four.

Administrator Deloitte has revealed that financial sponsors Bain Capital and BGH Capital, US aviation company Indigo Partners and European investor Cyrus Capital Partners have been shortlisted for the final round of bidding which is due on June 12.

Virgin Australia owes more than $6.8 billion to more than 10,000 creditors.