Virgin Australia launches IPO

Wednesday, 04 Jun, 2025 0

Virgin Australia’s planned IPO is set for take-off.

It just launched its A$685 million initial public offering.

Owner US private equity group Bain Capital, will see its ownership stake drop by nearly half from 70% to 39.4%.

New minority shareholder Qatar Airways will retain a 23% stake.

The share issue values the airline at about A$2.3 billion.

Virgin Australia shares will start trading on the ASX on 24 June.

The airline went into administration in 2020 and was acquired by Bain Capital.

It cut back heavily on international flying as a result of its financial difficulties but with investment and a partnership with Qatar Airways it is set to expand international flying again.

Virgin and Qatar Air are set to launch 28 new weekly flights between Doha several Australian cities staring this month.



Related News Stories:  Qatar Air, Virgin Australia offer free dining at Doha Airport     Qatar Airways to launch FIFA World Cup travel packages     Qatar Airways - Virgin Australia alliance gets final green light     Australia airlines restart Vanuatu flights     Virgin Australia overcharged 61,000 customers     Virgin Australia overtakes Qantas as largest domestic airline     Air India enters into Virgin Australia airline codeshare     Australian travel company collapses     Qatar Airways expands flight frequencies to Canada, Brazil     Melbourne Airport has busiest ever September for international travel    



 

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TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.



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