Standard Chartered Beats Profit Forecasts as First-Half Earnings Rise 9% 
Meta Stock Drops After Earnings Miss as AI Spending and Legal Costs Weigh on Profit 
Barclays Q2 Profit Beats Forecasts as Investment Banking Strength Offsets Higher Costs 
TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline 
BHP, Port Hedland Unions Fail to Reach Wage Deal as Negotiations Continue 
Starbucks Stock Jumps as Q3 Earnings Beat, Sales Growth Drives Higher 2026 Outlook 
OpenAI Revenue Surges After GPT-5.6 Launch as IPO Expectations Grow 
GSK Unveils $2.52 Billion Cost-Cutting Plan to Accelerate Drug Pipeline 
Philips Shares Slide 10% Despite Earnings Beat as Weak Orders Raise Growth Concerns 
Sony Eyes $1.3 Billion Tamron Acquisition as Lens Maker Reviews Offer 
Samsung Q2 Profit Surges on AI Memory Chip Demand, Forecasts Strong Second Half 
Seagate Stock Jumps as AI-Fueled Earnings Beat and Strong FY2027 Outlook Impress Investors 
X Challenges Australia’s Expanded Social Media Ban Enforcement Powers 
Russia Charges Telegram Founder Pavel Durov With Facilitating Terrorism, Seeks International Arrest 
Zhongji Innolight Raises $6.8 Billion in Hong Kong IPO as AI Demand Fuels Growth 
Sika Raises 2026 Sales Outlook After Strong First-Half Results Beat Expectations 
Exosens H1 Profit Beats Forecasts as Defense Demand Drives Growth 
BGH Capital's plan to restart Virgin Australia with 15 Boeing 737 planes if its bid is successful failed to impress the Australian Council of Trade Unions, who was receiving pitches from short-listed bidders.
The airline's sale is expected to be wrapped up by the end of next month, with final, binding offers due on June 12.
However, it things return to normal, BGH Capital said it expects to have between 75 to 80 Boeing 737 aircraft flying.
The number of planes mentioned by BGH Capital is a substantial reduction in the size of Virgin's fleet. Consequently, the decrease in the number of employees it would utilize would also be substantial
Last year, Virgin Australia had over 130 planes in operation, including Airbus A320, Airbus A330, ATR Boeing 737, Boeing 777, and Fokker F100 aircraft in its fleet.
The other short-listed bidders were Indigo Partners and its consortium partner Oaktree Capital Management, Cyrus Capital Partners, and Bain Capital.
BGH Capital will submit a second-round bid with an offer showing an increased number of employees it would tap.
Bain Capital, which has been touting its credentials and its plans for Virgin Australia on media, will reaffirm its bid.
The consortium of Indigo and Oaktree also confirmed it makes another bid, while Cyrus Capital Partners was not available for comment.
BGH Capital's offer stood out as the other bidders foresee they would operate only around 40 planes if their respective proposals were accepted.
By the middle of August, 10,000 creditors will vote on Virgin Australia's fate at their second meeting with administrators.
