Virgin Australia is planning to return to the ASX after a five-year absence in June and has converted its structure into a public company, a step the Bain Capital-owned airline did not take when it last attempted to float.
The company and its executives met with prospective investors on Tuesday, the first time since 2023, in a roadshow billed as a business update. But it has floated a timeline of raising capital in May and listing on the sharemarket in June, people briefed on the discussions said.
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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
