Virgin Australia IPO planning on track

The planned IPO of Virgin Australia is on track with Bain Capital set to give shareholders a capital return of $730 million and provide a one-off bonus to all employees in June. The announcement was made by Ryan Cottton, Chairman, Virgin Australia in an internal e-mail sent to the staff, an airline insider has revealed. As per the email, the airline will pay the employees their full profit share payments, which amounts to 6% of their salary, in June amid continued intrigue regarding the timing of the IPO expected in the second half of this year. Virgin owns 5%of the