Virgin Australia will be “simpler”, “more focused” and “more balanced” should it return to the ASX boards after nearly five years in private equity hands, and will be more disciplined in how it spends shareholders’ money.
Fund managers filed into investment bank UBS’s Chifley Tower offices in Sydney to hear Virgin’s maiden IPO pitch on Wednesday, and were met with a “this time it is different” pitch about how the airline had changed since it went broke in the COVID-19 pandemic.
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