With BGH Capital, Indigo/Oaktree and Brookfield believed to be knocked out, sources said Virgin administrator Deloitte was leaning towards Bain Capital and Cyrus Capital for the auction's third and final round.
It comes as Bain Capital has made a huge play for Virgin in recent weeks, talking publicly about its ambitions for Australia's second biggest airline.
Deloitte has previously said it would call for final bids on June 12, before it selects one potential acquirer for exclusive talks and seeks to finalise a deal that can be put to Virgin's creditors.
BGH Capital - the first serious suitor on the scene at Virgin Australia - has dropped out of the airline's auction.
Today, the online film festival We Are One is kicking off 10 days of films, talks, musical performances and VR experiences.
The event is a collaboration between Tribeca Enterprises (the organization behind the Tribeca Film Festival) and YouTube, with help from 21 film festivals from around the world.
There will be more than 100 films screening on a schedule, just like a regular festival — although after many of the movies premiere, they will be available on-demand for the duration of the event.
All the content is available for free, and Kyncl said that neither YouTube nor Tribeca are monetizing the event.
And while We Are One was created in response to the COVID-19 pandemic, Kyncl sounds hopeful that YouTube could help to create similar online festivals in the future — though he hastened to add that online experiences will never fully replace the “human connection” of an in-person festival.
The letter laid out a set of protocols the RNC is willing to implement in order to hold its convention in Charlotte, North Carolina.
It comes just days after President Donald Trump turned up the heat on Cooper, a Democrat, for not moving his state into a more advanced reopening in order to allow the convention to happen, with the President threatening to move it elsewhere if it couldn't be held in Charlotte.
The letter was the result of a request by Cooper and his Department of Health and Human Services, as North Carolina officials weigh what, if any, type of convention could take place in the midst of the Covid-19 pandemic.
But talks took a tense turn when Trump began to suggest that Cooper might purposely delay reopening the state in order to stymie the Republican nominating event, a notion that the governor flatly rejects.