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Industrial action could create turbulence for Virgin Australia

The airline recently flew back into profit and new owner Bain Capital is pondering the timing of an IPO likely next year.

Virgin staff backed the Bain takeover, and are pushing for an employee share scheme.

Key points
  • What's at stake: Australia's aviation could be plunged into chaos by potential industrial action at Virgin Australia.
  • Background: Bain Capital bought Virgin out of administration in 2020 with the support of unions, which also want an employee share scheme.
  • Main players: Virgin Australia, Bain Capital, Transport Workers Union, Jayne Hrdlicka

Australian domestic air travel could be plunged into chaos in the run up to Christmas with cabin crew at Virgin Australia set to vote on a strike over their pay and conditions.

The Virgin crews are members of the Transport Workers Union (TWU), which has applied to workplace regulator the Fair Work

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Lachlan Colquhoun Wed, 15 Nov 2023
Contact the Writer: lachlan@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Key points
  • What's at stake: Australia's aviation could be plunged into chaos by potential industrial action at Virgin Australia.
  • Background: Bain Capital bought Virgin out of administration in 2020 with the support of unions, which also want an employee share scheme.
  • Main players: Virgin Australia, Bain Capital, Transport Workers Union, Jayne Hrdlicka
Industrial action could create turbulence for Virgin Australia
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101673
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