Indigo Partners LLC is teaming up with Oaktree Capital Management, L.P. in its offer for Virgin Australia Holdings Limited (ASX:VAH) and will consider adding an Australian partner as the bidding process progresses, Indigo Managing Partner Bill Franke said. “In terms of local Australian partners we have been approached by a number of Australian entities and at the end of the day we would like to have an Australian partner,” he said in a webinar hosted by CAPA Centre for Aviation. “It is the right thing to do. But it all depends on the details.” Indigo was one of four parties shortlisted by administrators to buy Virgin Australia, a person with knowledge of the matter said. The others are BGH Capital, Bain Capital, LP and Cyrus Capital Partners, L.P., the person said. Oaktree did not respond immediately for a request for comment on its partnership with Indigo.