Aug 25 (Reuters) - Virgin Australia Holdings Ltd VAH.AX :
* RELEASE OF REPORT TO CREDITORS
* PROPOSED DOCA ENSURES UNSECURED CREDITORS RECEIVE A RETURN OF BETWEEN $462 MILLION AND $612 MILLION
* ADMINISTRATORS OPINION TO CREDITORS THAT IT IS IN THEIR INTEREST TO APPROVE DEED OF COMPANY ARRANGEMENT PROPOSED BY BAIN CAPITAL
* PROPOSED DOCA ENSURES ALL EMPLOYEE ENTITLEMENTS ARE PAID IN FULL, CUSTOMER TRAVEL CREDITS ARE HONOURED
* GIVEN THAT UNSECURED CREDITORS WILL NOT BE PAID IN FULL, THERE WILL BE NO RETURN TO SHAREHOLDERS OF VAH
* UNDER DOCAS, ADMINISTRATORS WILL MAKE AN APPLICATION TO COURT FOR TRANSFER OF SHARES IN VAH TO BAIN
* THE BAIN ARRANGEMENTS CANNOT BE SUCCESSFULLY COMPLETED UNTIL COURT APPROVES APPLICATION