The money would be used to hand cash to private equity owner Bain Capital just months ahead of the airline’s prospective sharemarket re-listing,according to people familiar with the matter.
Virgin will have to convince investors that this is not the top of the earnings cycle for airlines,and that the post-COVID sugar hit is sustainable.
The airline has added two new board members and dedicated a senior executive to preparing the company for its planned relisting on the Australian sharemarket.
A new route between Queensland and Tokyo is Virgin’s first direct international flight longer than seven hours since it was taken over. It’s the latest in a string of signs the airline is readying for a much-talked about IPO.
The share sale in the luxury carmaker could become one of the world’s largest listings even as record inflation and a Russia-Europe energy standoff has sent European stocks tumbling.
Russia’s invasion of Ukraine has thrown the global energy market into turmoil,which is good news for George Kaiser.
Melbourne-founded smartphone mount manufacturer Quad Lock is considering a run at the ASX boards after a strong bout of growth during the pandemic.
Inside the News Corp fold,executives are still mulling the next best step for Foxtel. But a decision will need to be made sooner rather than later.
Cheap money and booming profits opened the gates on what was one of the best IPO seasons in history,with a record haul of billion-dollar sharemarket floats.
Donald Trump’s proposed new media company has a colourful history and has some very optimistic ambitions.
Rivian is valued at around $US100 billion before it records any significant revenue but it’s easy to see why it is a compelling option for investors.