Deals
Bain Capital Postpones Virgin Australia IPO Plans, Sources Say
- Airline’s owner will monitor market conditions next year
- Virgin Australia was rescued after collapsing three years ago
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Bain Capital has pushed back plans for a Virgin Australia Airlines Pty Ltd. initial public offering to as soon as 2024, according to people familiar with the matter.
The US buyout firm is no longer considering a listing for the carrier in 2023 and will monitor market conditions next year to determine the potential timing, said the people, who asked not to be identified as the discussions are confidential. Bain will look to end-of-year holiday travel to bolster Virgin’s earnings before a possible IPO, one of the people said.