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Bain sweats on FIRB approval before naming new Virgin CEO

Ayesha de Kretser
Ayesha de KretserSenior reporter

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Virgin Australia is waiting for the Foreign Investment Review Board to approve the sale of a quarter stake in the airline to Qatar Airways before it announces a new chief executive in the hopes of avoiding a political stoush over the appointment of a candidate opposed by unions.

Virgin chief executive Jayne Hrdlicka announced her departure last February, but there is no timeline for her exit from the business.

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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au

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    Original URL: https://www.afr.com/companies/transport/bain-sweats-on-firb-approval-before-naming-new-virgin-ceo-20250110-p5l3bw