Paul Scurrah will depart his function as chief government of Virgin Australia when the deal to promote the provider to Bain Capital closes.
The transfer is predicted to return in early November.
Deed directors on the deal for Deloitte Restructuring Companies, Vaughan Strawbridge, mentioned: “Paul has executed an impressive job supporting us by way of this course of.
“His distinctive management enabled us to stabilise the enterprise and obtain a sale in a well timed and orderly method.
“It’s a testomony to his management that now we have been capable of full this sale and the enterprise is nicely positioned to play its very important function within the rebuilding of the Australian aviation trade and financial system extra broadly.”
He added: “I do know there was hypothesis concerning the form of the airline into the longer term, and I’ve reaffirmed with Bain Capital that Virgin Australia is not going to be repositioned as a low-cost provider.
“Virgin Australia shall be a ‘hybrid’ airline, providing nice worth to clients by delivering a particular Virgin expertise at aggressive costs.
“This may enchantment to the complete spectrum of travellers, from premium company by way of to extra budget-focused clients.”
Virgin Australia went into voluntary administration in April earlier than the US personal fairness group purchased it.
The airline struggled beneath journey bans imposed by the Australian authorities because of the Covid-19 pandemic.
Scurrah is believed to have had issues over the longer term course of the provider.
He mentioned: “Over the past 18 months, I’ve had the nice privilege of being the chief government of the Virgin Australia Group.
“Whereas it has been probably the most difficult time in aviation historical past, I’ve continued to be so happy with the way in which my group and our whole organisation has fought to avoid wasting this airline and to maintain competitors alive and nicely in Australia.
“We’ve got succeeded in not simply making certain the way forward for the corporate, but in addition reset the enterprise to make sure it’s nicely positioned to ship for Bain Capital for a few years to return.”
Jayne Hrdlicka – presently board president of Tennis Australia – is predicted to be appointed by Bain Capital as chief government as soon as the transaction is full.
She beforehand held the function of chief government officer at Jetstar.
