Lifestyle

Jayne Hrdlicka has officially become the new CEO of Virgin Australia. Here’s who she is – and why the unions didn’t want to work with her.

Jayne Hrdlicka has become Virgin Australia’s new CEO, as the airline finally emerges from administration under new owner Bain Capital. She replaces Paul Scurrah after reported disputes between him and Bain over the airlines future direction. Hrdlicka previously served as CEO of Jetstar and A2 Milk, and remains the chair […]
Jayne Hrdlicka has officially become the new CEO of Virgin Australia. Here’s who she is – and why the unions didn’t want to work with her.
News

Virgin Australia has revealed its plans under its new CEO, including hybrid check-in and a rebooted business class. Here’s what’s in store for the airline.

Virgin Australia’s sale to US private investment company Bain Capital is officially complete. It comes after the airline went into voluntary administration amid the coronavirus pandemic, appointing Deloitte as administrators. Virgin Australia has also appointed a new CEO, former Jetstar boss Jayne Hrdlicka, and outlined its new direction under her […]
Virgin Australia has revealed its plans under its new CEO, including hybrid check-in and a rebooted business class. Here’s what’s in store for the airline.
Markets

Private-equity tricks mask mounting debt: ‘I’m 5 feet 8 inches, but I change the scale and make myself 6 feet 2 inches on a pro forma basis’

Jonathan Lavine, a co-managing partner at Bain Capital, warned in an interview with the Financial Times that massive debt piles in the private-equity industry were raising the risk of a crash. Lavine said that parts of the private-equity space were being “increasingly aggressive” in their calculations. Higher prices for deals […]
Private-equity tricks mask mounting debt: ‘I’m 5 feet 8 inches, but I change the scale and make myself 6 feet 2 inches on a pro forma basis’
Markets

Domino’s shares just fell 5%

Shares in Domino’s fell 5% after Bain Capital exercised a put option, forcing the fast food group to buy the investment firm’s 25% in Japan operations. At the close, they were down 3.8% to $59.19. How much Domino’s has to pay Bain hasn’t yet been calculated. However, Domino’s says the […]
Domino’s shares just fell 5%