Jan 16 (Reuters) – Bain Capital is considering listing its Virgin Australia airline on the Australian stock exchange, the private equity firm said in a statement on Monday.
The company said it would seek advice on the best timing and structure to “return Virgin Australia to the ASX”.
Bain bought Virgin Australia for A$3.5 billion in 2020 after the airline went into voluntary administration. Creditors approved the purchase in September 2020.
The airline’s listing could be one of Australia’s biggest IPOs in 2023 after capital markets fell in 2022 amid global financial market uncertainty.
“In the coming months, we will consider how best to position Virgin Australia for continued growth and long-term prosperity,” Bain Capital Sydney partner Mike Murphy said in a statement.
Reporting by Scott Murdoch in Sydney Harish Sridaran in Bengaluru; Editing by Kim Coghill and Tom Hogg
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