Virgin Australia launches IPO
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
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.
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.

































France prepares for a massive strike across all transports on September 18
Turkish tourism stalls due to soaring prices for accommodation and food
CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt