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| Coronavirus Australia update: Virgin Australia bidder Cyrus Capital pulls out as second Sydney school closes – live news | |
| (32 minutes later) | |
| Bain Capital remains only bidder for embattled airline; a year 7 student tests positive at a school in Sydney’s south-west. Follow live | |
| The Sydney Morning Herald has dispatched reporters today to report that there is “higher than usual demand” for toilet paper in some parts of Sydney. | |
| Some shelves were empty in Roselands, Merrylands, Leichhardt and Toronto in Lake Macquarie. This comes after widespread media reporting on toilet paper shortages in Victoria, as the state’s number of Covid-19 cases rose. | |
| In June, researchers said that Australia were world leaders in panic buying – and more panicked than even the UK and Italy, who had far more Covid-19 cases. | |
| Researchers said that Australian media’s overreporting on the shortages and hoarding could have played a part. The spikes in panic were uncorrelated to either government announcements or rising cases. | |
| Levels of panic in Australia were so high the researchers had to create a new chart just for us. | |
| Tasmanian premier Peter Gutwein is expected to announce a date when the state’s borders will reopen to domestic travellers. | |
| AAP report that Gutwein will make the announcement today, more than three months after the borders were first closed. | |
| Gutwein said he has held “positive” talks with South Australia, which has opened to Tasmanians and select states, in a sign visitors from some jurisdictions may be more welcome than others. | |
| The state government has previously said late July is the likely date for when border restrictions will be eased. | |
| Just in case anyone is unclear at how much Cyrus is upset with the administrators at Deloitte (who have been contacted for comment), the Cyrus statement continues: | |
| Freidheim said in the statement that he would be “willing to re-instate our offer if the Administrators agree to re-engage in good faith”. | |
| Peachey said: “It has been a pleasure to get to know Virgin Australia, its talented and enthusiastic management and its dedicated employee union representatives. | |
| “Cyrus would have brought to Virgin Australia all its experience of launching and supporting the growth of Virgin America in the United States to reinstate Virgin Australia to its rightful position as the best airline in the region.” | |
| Cyrus Capital Partners launched a blistering parting spray at administrators of Virgin Australia as it pulled out of the race to buy the airline. | |
| The move leaves Bain Capital as the only bidder, but it is by no means clear it will buy the airline. Bain’s bid has to be approved by creditors and there is also a late move by bondholders, owed $2bn, to re-float the airline that complicates matters. | |
| Cyrus pulling out is a blow to unions, who had favoured the group over well-known union-busters Bain. | |
| In a statement, Cyrus said: | |
| There is only one potential buyer for Virgin Australia left, as the lengthy process for the airline continues. | There is only one potential buyer for Virgin Australia left, as the lengthy process for the airline continues. |
| The American private equity firm Bain Capital is the only remaining bidder, after the only other rival, Cyrus Capital Partners, withdrew. | The American private equity firm Bain Capital is the only remaining bidder, after the only other rival, Cyrus Capital Partners, withdrew. |
| Cyrus said in a statement this morning that it would withdraw due to “lack of engagement” from the company administrating Virgin’s sale, Deloitte, according to a report by the Sydney Morning Herald. | Cyrus said in a statement this morning that it would withdraw due to “lack of engagement” from the company administrating Virgin’s sale, Deloitte, according to a report by the Sydney Morning Herald. |
| Good morning everyone, it’s Naaman Zhou here, and welcome to our coronavirus liveblog for today. | Good morning everyone, it’s Naaman Zhou here, and welcome to our coronavirus liveblog for today. |
| In extremely good news, Australia and New Zealand will host the 2023 Women’s World Cup, as announced in the early hours at about 1am today. | In extremely good news, Australia and New Zealand will host the 2023 Women’s World Cup, as announced in the early hours at about 1am today. |
| National cabinet is also scheduled to meet later, where it is expected that Scott Morrison and the premiers will discuss reopening arts venues and live entertainment. | National cabinet is also scheduled to meet later, where it is expected that Scott Morrison and the premiers will discuss reopening arts venues and live entertainment. |
| A Sydney school has been closed this morning after a year 7 student tested positive for Covid-19. Camden High School in Sydney’s south-west is being cleaned today, after the student attended school all week. | A Sydney school has been closed this morning after a year 7 student tested positive for Covid-19. Camden High School in Sydney’s south-west is being cleaned today, after the student attended school all week. |
| Tasmanian premier Peter Gutwein is also expected to make an announcement today about a future date for reopening Tasmania’s borders to domestic travel. | Tasmanian premier Peter Gutwein is also expected to make an announcement today about a future date for reopening Tasmania’s borders to domestic travel. |
| We’ll bring you all the news as it happens. Stay tuned. | We’ll bring you all the news as it happens. Stay tuned. |