Original article by Aaron Weinman
The Australian Financial Review – Page: 13 & 18 : 18-Jan-23

Private equity firm Bain Capital is widely tipped to proceed with an IPO of Virgin Australia in the second half of 2023. The mooted sharemarket float could be well-timed, given that airlines are benefiting from a post-pandemic upturn in demand for travel and the reopening of Australia’s borders to international tourists. However, some observers are concerned that demand for travel may peak ahead of the float, as growing pressure on household budgets due to rising interest rates and energy bills prompts them to reprioritise their spending. Some bankers also suggest that the high cost of international airfares and a lower Australian dollar will benefit Virgin, which has shifted its focus to the domestic market under Bain’s ownership.

CORPORATES
VIRGIN AUSTRALIA HOLDINGS LIMITED, BAIN CAPITAL LLC