Airlines around the world are ripping up schedules and bringing in new flights to cope with a COVID-triggered trend in corporate travel for executives like Jerome Harris – the scrapping of one-day business trips in favour of longer stays.
Airlines around the world are ripping up schedules and bringing in new flights to cope with a COVID-triggered trend in corporate travel for executives like Jerome Harris – the scrapping of one-day business trips in favour of longer stays.
Bain Capital said on Monday it is looking to relist airline Virgin Australia, in a move that would come as the domestic aviation market bounces back strongly from pandemic lows.
Virgin Australia is in talks with banks for a loan of up to $296.4 million (A$450 million) to pay its private equity owner Bain Capital before the airline’s re-listing planned for later this year, two sources with direct knowledge of the matter said.
Australia’s flagship carrier, Qantas Airways, on Tuesday named finance chief Vanessa Hudson as its next CEO, making her the first woman to lead the century-old airline.
Bain Capital’s Virgin Australia airline is aiming for a A$1 billion ($665 million) listing on the Australian Securities Exchange (ASX) in November, according to a source with direct knowledge of the matter.
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