Cyrus Capital sees leaner, less complex Virgin Australia but top adviser Jonathan Peachy can't rule job cuts

One of the final two bidders for Virgin Australia has refused to rule out job cuts if it wins control of the troubled airline.

The US based Cyrus Capital is fine tuning it's final bid for Virgin and is confident the company can be turned around and will be strong enough to compete with arch rival Qantas. 

But Cyrus adviser Jonathan Peachey tells ABC's Peter Ryan that jobs might need to be cut in a leaner airline.