Aug.04 — Virgin Australia Holdings Ltd. is planning to cut a third of its workforce under the ownership of Bain Capital as the buyout firm attempts to resurrect and restructure the airline. Bloomberg’s Angus Whitley reports on “Bloomberg Daybreak: Asia.”
In This Story: Australia
Australia, officially known as the Commonwealth of Australia, is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands. It is the largest country in Oceania and the world’s sixth-largest country by total area.