Virgin Australia And Air Zealand Alliance Takes Off

When Virgin Australia collapsed in April 2021 with debits of AU$7 billion ($4.6b), it was touch and go to keep the airline alive and find a new owner to get it back on its feet. In September 2020, US firm Bain Capital closed a deal to take over the wounded carrier, appointing experienced airline executive Jayne Hrdlicka to the CEO role in November 2020.