Virgin Australia Targets June IPO Despite Tariff Turmoil (1)

Bain Capital-controlled airline Virgin Australia is pushing ahead with plans for an initial public offering in June, despite the market turmoil caused by US President Donald Trump’s trade war, people familiar with the matter said.

Virgin Australia’s new chief executive officer, Dave Emerson, has already started to brief potential domestic investors and will head to Asia for more meetings next week, said the people, who asked not to be identified discussing private information.

US private equity firm Bain bought Virgin Australia, the country’s second-largest airline, in 2020 after it collapsed at the start of the pandemic.

After at ...