28 March 2021
Virgin Australia boss Jayne Hrdlicka has flown in consultants from her former employer Bain & Company to support the airline with its transformation.
Around one year ago, Virgin Australia became Asia-Pacifics first airline to fall amid the coronavirus, after it was placedinto voluntary administration on April 21, with debts of $6.8 billion. The aviation group collapsed after its biggest shareholders, including Richard Branson’s Virgin Group and the Federal Government, decline to inject an additional round of funding into the ailing carrier.
Fast forward four months, and US private equity giant Bain Capital, which grew out of the US strategy consultancy giant Bain & Company, snapped up Virgin …
Read the full article at: https://www.consultancy.com.au/news/3186/virgin-australia-ceo-jayne-hrdlicka-flies-in-former-employer-bain
