June 26 (Reuters) - Virgin Group CEO Josh Bayliss:
* CO TO WORK DIRECTLY WITH BAIN, VIRGIN AUSTRALIA ADMINISTRATOR & MANAGEMENT TO FINALISE RECOVERY PLAN
* BELIEVE INVESTMENT ENVISAGED BY ADMINISTRATORS & BAIN IS POSITIVE OUTCOME FOR CO, CREDITORS & EMPLOYEES
* BEEN IN DISCUSSIONS WITH DELOITTE THROUGHOUT PROCESS Further company coverage: VAH.AX