NewsBite

Paul Scurrah

Advertisement
Virgin Australia CEO Paul Scurrah.

Virgin boss Paul Scurrah will leave after Bain takeover, administrator confirms

Deloitte has confirmed the airline's CEO Paul Scurrah will depart the company as it prepares to hand ownership over to US private equity firm Bain Capital.

  • Patrick Hatch

Latest

Virgin Australia CEO Paul Scurrah knew that given Bain had included Jayne Hrdlicka as part of its consortium, there was a decent chance he would fall victim to a management overhaul.

Not a Virgin: Bain plays everyone in breathtaking corporate bait

Virgin’s cabin crew got a whiff that something was up when a large contingent of Bain executives descended on Brisbane two weeks ago.

  • Elizabeth Knight
Virgin will return to the skies under its new owners, Bain Capital.

Virgin relaunch secured but COVID-19 risks still loom over workforce

The sale process marks the return of Australia's second carrier, which had been facing the prospect of complete shutdown and liquidation if no willing bidder was found. 

  • Sarah Danckert and Patrick Hatch
Virgin will continue to fly while in administration.

Virgin's bond-holders could be a $1.8 billion thorn in restructure

"We are up for a fight," one bondholder says, adding how they are treated could throw a spanner in the works for the planned restructure.

  • Sarah Danckert and Patrick Hatch
Virgin Australia has entered voluntary administration with thousands of jobs on the line and the government refusing to bail out the business. It's also brought flashbacks to the collapse of Ansett.

Virgin collapse: How it happened and what happens now

Virgin Australia has entered voluntary administration with thousands of jobs on the line and the government refusing to bail out the business. It's also brought flashbacks to the collapse of Ansett.

Virgin Australia said it was reducing its domestic capacity by 90 per cent and suspending Tiger Airways domestic services, effective immediately.

Virgin Australia cuts 90 per cent of flights, stands down 8000 workers

Virgin Australia said 80 per cent of its 10,000 employees would be stood down at least until the end of May as it continues to grapple with the coronavirus pandemic.

  • Patrick Hatch
Advertisement
Mr Harbison compared the coronavirus outbreak to three previous periods – the 9/11 attacks, the Bali Bombings, and terrorism-related events throughout the 1970s and 1980s.

'Constant shock syndrome': How the crisis plays out in Qantas and Virgin's situation rooms

"We are doing everything we can to ensure we're the last man standing", Qantas CEO Alan Joyce declared in what has become a battle of the balance sheets.

  • Elizabeth Knight and Rob Harris
Virgin's Paul Scurrah and Qantas' Alan Joyce - both cutting capacity

Never let a crisis go to waste: Virgin cuts deeper amid coronavirus gloom

Virgin Australia's newish CEO, Paul Scurrah, has taken a knife to the airline - its capacity, its fleet size and staff - that is sharper than previously anticipated.

  • Elizabeth Knight
Virgin Australia chief executive Paul Scurrah.

Lunch with Virgin Australia chief executive Paul Scurrah

He's faced some turbulent times during the course of his three-decade career.

  • Kylar Loussikian
Virgin chief executive Paul Scurrah wants to make a great airline into a great business.

New Virgin boss cuts deep, saving on routes, planes and people

For the airline's new CEO Paul Scurrah, it’s not so much shrinking its way to greatness - rather shrinking its way to profit.

  • Elizabeth Knight

Original URL: https://www.watoday.com.au/topic/paul-scurrah-1mmt