Initial public offering of the company’s shares is possible in 2023
Virgin Australia is considering going public in Sydney as soon as next year, highlighting the airline’s faster-than-expected recovery from the pandemic’s onset.
According to a company spokeswoman, the Bain Capital-owned airline was profitable in April and its IPO might happen as early as 2023.
“It’s much faster than we thought”
According to Jane Hardik, Chief Executive Officer of Virginia Australia, an IPO next year is very likely and considerably faster than projected.
Hardik continued, “Because we’re a new firm that’s starting from the ground up, we’re in a position to have these dialogues.”
According to the competition regulator, Australia’s passenger traffic has nearly returned to pre-pandemic levels.