Virgin 188bet Online Sports Betting and Casino was acquired for 17.4 billion yuan,3000 employees face layoffs

Big Traffic Author of this 188bet Online Sports Betting and Casino: Xu Rongjuan 2020-09-06
Long-haul routes from 188bet Online Sports Betting and Casino to Los Angeles and Tokyo to be terminated。

The creditors of Virgin 188bet Online Sports Betting and Casino, 188bet Online Sports Betting and Casino’s second largest airline, stated on the 4th,Agree to the acquisition by US private equity investment company Bain Capital,Transaction price is A.5 billion,Approximately RMB 17.4 billion。Based on Bain & Company’s business plan,Virgin 188bet Online Sports Betting and Casino will lay off one-third of its workforce,That is, 3000 people,And terminate long-haul routes from 188bet Online Sports Betting and Casino to Los Angeles and Tokyo。

Virgin 188bet Online Sports Betting and Casino plans to reduce the number of Boeing 777 and Airbus A330 aircraft,Use Boeing 737 and some other small aircraft to fly domestic and regional aviation missions。Affected by the epidemic,Virgin 188bet Online Sports Betting and Casino sought bankruptcy protection in April this year。

*Source of this 188bet Online Sports Betting and Casino: CCTV Finance, author:Xu Rongjuan, original title:Bain Capital acquires Virgin 188bet Online Sports Betting and Casino for 17.4 billion yuan》.

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