The U.S. private equity firm Bain Capital said it is looking to relist airline Virgin Australia as the country's domestic aviation market improves
A listing of Australia's second-biggest carrier would likely be one of the country's largest initial public offerings in 2023 after capital markets activity plunged last year amid global financial market uncertainty.
Bain said it would seek advice on the best timing and structure to return the airline to the Australian Securities Exchange but added that no decisions had been made as to if and when that would happen. Travelers stand at a Virgin Australia Airlines counter at Kingsford Smith International Airport, following the coronavirus outbreak, in Sydney, Australia, March 18, 2020. REUTERS/Loren Elliott/File PhotoPrivate equity-led IPOs in Australia have seen such firms typically sell at least 50% of their stakes to ensure liquidity is available for investors in the deal.
Aviation market conditions have improved substantially since then after Australia's state and international borders reopened. Virgin has also rebuilt its Boeing Co
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bain Capital Considers Virgin Australia IPO as Travel Demand ReboundsBain Capital is considering an initial public offering of Australia’s second-largest airline in what would be a new test of investor appetite for carriers in a turbulent postpandemic recovery.
Read more »
Bolsonaro's ex-justice minister arrested in Brazilian capitalAnderson Torres was in charge of public security in Brasilia during the invasion of government buildings.
Read more »
'Attack on the capital': Ukrainian officials report several powerful explosions in Kyiv'Explosions in Dniprovskyi district. All services are heading to the scene. Stay in shelters!' Kyiv's mayor, Vitaliy Klitschko said on Telegram.
Read more »
'Attack on the capital': Ukrainian officials report several powerful explosions in KyivWhen will the Russia Ukraine war end? Kyiv was rocked by powerful explosions with officials in the Ukrainian capital reporting a missile attack.
Read more »
EXPLAINER: Roots of the Brazilian capital’s chaotic uprising | amNewYorkThousands of Brazilians who support former president Jair Bolsonaro invaded the Supreme Court, presidential palace and Congress on Jan. 8 in an episode that
Read more »
'Attack on the capital': Ukrainian officials report several powerful explosions in Kyiv'Explosions in Dniprovskyi district. All services are heading to the scene. Stay in shelters!' Kyiv's mayor, Vitaliy Klitschko said on Telegram.
Read more »