Virgin Australia will finally have some news for shareholders, with a material update on its capital review expected as early as Tuesday.
Sources told Street Talk the review would stop short of the silver bullet-style equity raising the airline operator may need to settle nerves within its banking group. 
However, it is expected to be a big week for Virgin and move the situation forward.
Shareholders will be looking for an update that would put an end to separate processes by Virgin and its largest shareholder, Air New Zealand. Both have been in the market testing interest in the company.
The problem is Virgin needs an equity injection at the same time its biggest shareholder has said it does not want a large minority position in Australia. UBS has been working with Virgin on its options, while Air NZ has Credit Suisse and affiliate First NZ Capital in its corner.
A Virgin spokeswoman declined to comment.
No doubt it would be helpful for Air New Zealand if Virgin would announce the amount of equity needed to fix the company's balance sheet, and essentially lay down a figure for those parties lining up for Air NZ's stake.
The capital review update is viewed as a precursor to opening a data room for interested parties, which are believed to include China Southern, Hainan Airlines and Cathay Pacific, in addition to existing shareholder Singapore Airlines.
It's understood the company has ruled out any further selldown of its stake in the Velocity Frequent Flyer business, which already counts private equity firm Affinity Equity Partners as a minority holder.
The other option could be management changes at the airline. Chief executive John Borghetti is due in Dublin this week for the International Air Transport annual meeting, along with Air NZ chief Christopher Lutton and Singapore Airlines' Goh Choon Phong.
Elsewhere, Spark Infrastructure is expected to confirm it has offloaded an 8 per cent stake in DUET Group on Tuesday morning.
As revealed by Street Talk, the utility had Deutsche Bank sell 135.8 million shares at $2.25 each after market on Monday. While the trade represented only 5.6 per cent of DUET's equity on issue, it's understood it cut the group's exposure by 8 per cent.
Spark holds its DUET stake via cash settled equity swaps through Deutsche Bank. Spark was DUET's largest shareholder with a 12.3 per cent stake.
The trade was done at a 12Â¢ discount to DUET's close on Monday.