Virgin Australia seeks $2.3 billion valuation at IPO, reports
The airline is set to re-enter the ASX and looking to raise $685 million in its initial public offering, Reuters reports.
Virgin Australia
Qatar Airways to buy 25% stake in Virgin Australia
Qatar Airways has agreed to acquire a 25% stake in Virgin Australia, positioning the Australian airline to re-enter long-haul international routes. The deal awaits regulatory approval from the Foreign Investment Review Board.
Virgin Australia CEO Jayne Hrdlicka to step down
Jayne Hrdlicka will step down as the CEO of Virgin Australia, the airline has confirmed.
‘Poverty pay’: Virgin staff could strike over unsafe conditions
Virgin Australia could face strike action over job insecurity, unsafe conditions and ‘poverty pay’ as the airline’s approach to bargaining ‘frustrates’ staff, the Transport Workers Union says.
Qantas: Learning to fly again
Alan Joyce, a mathematics progeny who has a Master of Science from Trinity College, has been leading the Qantas Group since 2008. Having slashed annual costs by $2 billion to survive in 2014 and beyond, a reinvented Qantas was generating stellar profits and celebrating its centenary year in 2020 when the covid-19 pandemic gate-crashed the party.