The airline is standing up a “small internal team” to prepare a return to the ASX, in addition to the work of Bain Capital and soon-to-be-appointed advisers.
” on an initial public offering to capitalise on a post-pandemic travel boom pushing airline shares higher.as part of its $3.5 billion pitch to rescue the business from voluntary administration in 2020.Ms Hrdlicka said it was important staff stay focused despite the IPO talk.
“A small internal team has been stood up to work exclusively on this preparatory phase,” her email said. “For the rest of us, it’s critical that we are business as usual – continuing to build on transformation progress, delivering new aircraft, implementing new systems and tools, and critically, delivering the schedule safely and reliably every day.”“Members fought hard to save Virgin and have held [the] new owners to account over the past two years,” said“With a float now on the cards, workers must be rewarded for their crucial role in the company’s success.
Australian Services Union branch secretary Imogen Sturni said Virgin “must recognise sacrifices made by its low-paid workforce, struggling with 7 per cent-plus inflation”. “Virgin weathered these turbulent years thanks to the hard work and sacrifices of its staff – it’s time for Virgin management to pay them fairly,” Ms Sturni said.
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