Trump Criticizes NYSE Texas Expansion, Calls Dallas Exchange a Blow to New York 
Federal Judge Clears Way for Jury Trial in Elon Musk’s Fraud Lawsuit Against OpenAI and Microsoft 
Valentino Garavani Dies at 93, Leaving Behind the Timeless Legacy of Valentino Red 
Pop Mart Shares Surge in Hong Kong After First Buyback in Nearly Two Years 
Publishers Seek to Join Lawsuit Against Google Over Alleged AI Copyright Infringement 
Lululemon Founder Chip Wilson Escalates Proxy Fight to Remove Advent From Board 
Google Seeks Delay on Data-Sharing Order as It Appeals Landmark Antitrust Ruling 
U.S. Moves to Expand Chevron License and Control Venezuelan Oil Sales 
Proposed Rio Tinto–Glencore Merger Faces China Regulatory Hurdles and Asset Sale Pressure 
BYD Shares Rise in Hong Kong on Reports of Battery Supply Talks With Ford 
White House Pressures PJM to Act as Data Center Energy Demand Threatens Grid Reliability 
Tesla Revives Dojo Supercomputer Project With AI5 Chip at the Core 
Micron to Buy Powerchip Fab for $1.8 Billion, Shares Surge Nearly 10% 
Baidu Shares Rise in Hong Kong After Apollo Go Robotaxi Launch in Abu Dhabi 
U.S. Transportation Board Sends Union Pacific–Norfolk Southern Merger Back for Revision 
Toyota Industries Buyout Faces Resistance as Elliott Rejects Higher Offer 
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.
