Virgin Australia will return to the ASX a very different airline to the one that nearly collapsed at the start of the COVID-19 pandemic.
Virgin Australia will return to the ASX a very different airline to the one that nearly collapsed at the start of the COVID-19 pandemic, if its owners’ scheme to relist by the end of the year avoids major turbulence.
While it is early days, the airline is a contender for the biggest initial public offering of the year. Ms Hrdlicka said in an all-staff email, obtained byAdvertisement It was a far cry from Virgin Blue’s cut-price origins, and the decade of losses and accumulated debt over the extensive transformation made its trip into administration at the start of the pandemic almost inevitable.
“We have grown our fleet by nearly 60 per cent over the last two years and will welcome brand new 737-8 aircraft to the fleet this year [and] we are profitable and have the financial strength to invest.”
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