Virgin Australia’s administrator to shortlist two bidders early next week

SYDNEY (Reuters) – The administrator of Virgin Australia Holdings Ltd said it expected to shortlist two preferred bidders early next week after parties confirmed non-binding indicative proposals to acquire the airline on Friday.

Brookfield, which pulled out of the first bidding round and was not on the initial shortlist of four, submitted a proposal on Friday, a source with knowledge of the matter said on condition of anonymity.

Brookfield declined immediate comment.

(Reporting by Jamie Freed, Scott Murdoch and Paulina Duran; Editing by Clarence Fernandez)