NewsBite

Rear Window

Joe Aston

No higher prize than lunch with Jayne Hrdlicka

For Virgin Australia staff, it’s been a rocky road – and not the sort paved with chocolate and marshmallows – since management called in administrators two years ago and the airline was reborn under the ownership of private equity barbarians Bain Capital.

As the largest cohort of creditors, Virgin employees, remember, were implored to vote in favour of Bain’s takeover, and 99 per cent of them did so after Bain boss Mike Murphy offered this unambiguous assurance: “Virgin has a great management team run by Paul Scurrah, and I’d like to again reaffirm that we are backing Paul to successfully lead Virgin through the current turbulence and back into the skies.”

Loading...
Joe Aston is the founder of Rampart and the best-selling author of The Chairman’s Lounge: The inside story of how Qantas sold us out. From 2012 to 2023, Joe helmed The Australian Financial Review’s Rear Window column. Email Joe at hello@rampart.news

Read More

Latest In Tourism

Fetching latest articles

Most Viewed In Rear window

    Original URL: https://www.afr.com/rear-window/no-higher-prize-than-lunch-with-jayne-hrdlicka-20220425-p5afzk