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Privatisation on the cards for Virgin Australia

The airline has swung to profitability and forecasts continued improvement

Published Wed, Nov 8, 2017 · 09:50 PM
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Singapore

VIRGIN Australia Holdings Ltd said on Wednesday it was considering going private as it swung to profitability in the first quarter from a loss a year ago and forecast a continued improvement in the second and third quarter.

Australia's second-biggest airline is about 90 per cent-owned by Singapore Airlines Ltd, Etihad Airways, Virgin Group, HNA Aviation and China's Nanshan Group, all of which have representatives on the board.

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