Virgin Australia CEO to step down from his role after airline reported losses of $349million during a turbulent year
Virgin Australia CEO Paul Scurrah has stepped down from his role after the airline reported $349million in losses during a turbulent year.
Virgin’s administrators from Deloitte confirmed the resignation in a statement to ASX on Thursday.
Mr Scurrah will remain in office until November when the airline is taken over by US private equity firm Bain Capital and former Jetstar boss Jayne Hrdlicka will then replace his position.
Deloitte said it believed Bain would maintain Virgin Australia as a full-service airline.
Virgin was placed into voluntary administration in April, with its sale to Bain finalised last month.
More to come.