The Business Times

Virgin Australia

Companies & Markets

Bain seeks next airline after tripling money on Virgin Australia

Airlines seldom change hands, and private equity buyouts in the sector are even rarer

Virgin Australia will sell 236.2 million shares in the IPO to value the company at A$2.32 billion on a fully diluted basis, the term sheet showed
Transport & Logistics

Virgin Australia returns to stock market with launch of A$685 million IPO

The offering, Australia’s largest for the year so far, will see Bain’s stake drop to 39.4% from about 70%

Virgin Australia’s first run as a publicly traded entity did not go well.
Transport & Logistics

Virgin Australia targeting June IPO despite tariff turmoil: sources

Its new CEO has already started to brief potential domestic investors and will head to Asia for more meetings next week, they add

Qatar Airways is still awaiting government approval for its purchase of a 25 per cent stake in Virgin Australia from the US private equity firm Bain Capital.
Transport & Logistics

Australia backs Virgin-Qatar Airways tie-up citing improved air services

Virgin Australia is the biggest domestic rival to Qantas Airways

It’s the first time Qantas has been pushed from the top spot since early 2022.
Transport & Logistics

Virgin overtakes Qantas as Australia’s largest domestic airline

The airline has long struggled to make a dent in Qantas’s domestic dominance

Virgin Australia reported underlying earnings before interest and tax of A$519 million (S$455.8 million) for the financial year ended June 30, an increase of 18.2 per cent over last year’s result.
Transport & Logistics

Virgin Australia reports second consecutive annual profit ahead of possible IPO

Qatar Airways says it will buy a 25% stake in Australia’s No 2 carrier

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