Virgin boss Dave Emerson in talks with investors over company IPO

The new chief of Virgin Australia has started to meet with possible investors in the airline in view of a vector potential floating this year.

Dave Emerson met the interested parties and potential investors in Sydney Tuesday in his first great move as CEO of the airline who was saved by Bain Capital in 2020.

Virgin exploited Goldman Sachs, Ubs and Barrenjoey brokers, who are leading investors’ meetings.

Emerson was appointed CEO of the second Australian airline, conquering Jayne Hrdlicka last month. Virgin’s long road to public property received a significant thrust last month after the federal government approved the Qatar Airways which took a minority participation in the airline.

In October, Bain sold 25 % of the Virgin at the Airways Qatar and under the agreement, Virgin can use Qatar planes and crews to fly from Sydney, Brisbane and Perth to Doha in June, followed by the opening of a route from Melbourne to Doha in December.

Qatar announced his plans to acquire a participation in Virgin last year after he was denied more flights from the Albanian government in 2023.

Before entering the administration, Virgin has been heavily competed on the ticket price with Qantas. From his appearance from the administration, a revitalized virgin began to find his feet by overcoming Qantas to become the largest and most reliable airline in Australia at the end of last year.

Virgin obtained a 35 % national market share in December, exceeding 34.6 percent of Qantas, said the competition dog’s dog in a report published in February. The volume of the passengers of the airline increased by 15.8 percent in the 12 months until December, against JetStar owned by Qantas, which marked 11.2 percent. Qantas recorded 3.2 percent, Australian competition and the Commission for Consumers said in the relationship.