Virgin Australia mulls IPO in 2023 in fast rebound from collapse
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Virgin Australia was profitable in April and an initial public offering is possible in 2023.
PHOTO: BLOOMBERG
SYDNEY (BLOOMBERG) - Virgin Australia is considering listing in Sydney as early as next year, underscoring the airline's faster-than-expected recovery since collapsing at the start of the pandemic.
The Bain Capital-owned carrier was profitable in April and an initial public offering (IPO) is possible in 2023, a spokesman said, confirming comments by Virgin Australia chief executive officer Jayne Hrdlicka to The Australian daily.
Ms Hrdlicka told the newspaper that an IPO next year was "not outside the realm of possibility".
"It is a lot faster than we thought it would be and we are flattered that this soon after becoming a new company and starting from scratch, we are in a position where we are having these conversations, because it is extraordinary," Ms Hrdlicka said, according to the newspaper on Thursday (June 9).
Air passenger traffic in Australia is almost back to pre-Covid-19 levels, the competition regulator said on Wednesday.
