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© Reuters. FILE PHOTO: A Virgin Australia Airways Boeing 737-800 aircraft takes off from Sydney Airport in Sydney, Australia, October 28, 2020. REUTERS/Loren Elliott/File Picture
(Reuters) – Bain Capital-owned Virgin Australia stated on Tuesday its CEO, Jayne Hrdlicka, is stepping down from her position, because the provider gears up for its subsequent part of transformation with an preliminary public providing within the works.
Hrdlicka’s resignation comes after the airline returned to profitability in fiscal 2023 alongside a robust first half into 2024.
In her four-year tenure, Hrdlicka was answerable for Virgin’s operations throughout challenges linked to the COVID-19 pandemic.
“Her management was basic to repositioning the airline again to its roots as a worth provider, returning Virgin Australia to profitability for the primary time in 11 years,” Virgin Australia Chairman Ryan Cotton stated.
The airline stated it intends to begin a worldwide search course of for a brand new CEO.
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