June 26 (Reuters) - Deloitte:
* TRANSACTION AGREEMENT WITH BAIN CAPITAL REGARDING SALE & RECAPITALISATION OF VIRGIN AUSTRALIA PROVIDES SIGNIFICANT INJECTION OF CAPITAL
* COMPLETION OF SALE AND IMPLEMENTATION WITH BAIN CAPITAL WILL OCCUR AFTER 2ND MEETING OF CREDITORS, CURRENTLY SCHEDULED BEFORE END OF AUGUST
* TRANSACTION SUPPORTS CURRENT MANAGEMENT TEAM LED BY PAUL SCURRAH & THEIR IMPROVEMENT PLAN FOR AIRLINE
* TRANSACTION CARRIES FORWARD ALL TRAVEL CREDITS AND VELOCITY FREQUENT FLYER BOOKED FLIGHTS
* TRANSACTION COMMITS TO RETENTION OF THOUSANDS OF JOBS & HONOURS ALL EMPLOYEE ENTITLEMENTS Further company coverage: VAH.AX