EbeneMagazine – AU – Virgin Australia board resigns en masse

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Nine members of Virgin Australia’s board of directors, including president Elizabeth Bryan, tendered or indicated their resignation, as airline finalizes sale to Bain Capitale

Bryan and five others – Trevor Bourne, Kenneth Dean, Allan Houston, Judith Swales and Marvin Tan – have resigned as directors effective October 20, the company said today in a disclosure to the ‘Australian Securities Exchange

He adds that the company has yet to receive formal resignations from three other directors – Raymond Gammell, Hou Wei and Kevin Xing

« Accordingly, in order to ensure that the reconstitution of the board of directors takes effect immediately, the directors of the deed have exercised their powers to replace directors who cease to exercise their functions as director on the date of ‘today,’ says Virgin Australia

The airline’s website says the company had 11 board members, including outgoing chief executive Paul Scurrah and non-executive director Warwick Negus

In light of the resignations, the directors of the act have appointed a new director, Alan Hunt, who, along with Scurrah and Negus, will remain directors until the airline’s sale is completed, slated for November

Earlier this month, the company announced on October 15 that Scurrah would step down once the transaction was completed, likely in November as well, and that Jayne Hrdlicka would succeed him.

Days earlier, the Australian Transport Workers’ Union (TWU) suspended negotiations on new company deals, amid rumors that Scurrah had been fired and Bain was looking for a low-cost model for Virgin Australia

In an Oct. 14 statement, the union cites Bain’s commitment to « a higher capacity airline, maximizing jobs, retaining the regional Vara operation, tiered cabin classes, lounges and ‘airport and the international branch of the airline’

TWU National Secretary Michael Kain asked the federal government for clarification and said: “While the airline’s plan and scope as outlined in August by Bain Capital has already been scrapped, it is is a serious betrayal that must be remedied »

Lion Air has approached its lessors with an alternative proposal for their leased plane on the back of their feedback on its requests for on-time arrangements, according to sources and an email seen by Cirium The Indonesian carrier offers a plan in four parts, involving the partial payment of rent

In this regard, plans to relaunch a loss-making British regional operation at a time when all airlines, whatever their model, are struggling to survive seem unlikely

Australian carriers have resumed flights to New Zealand, as part of the secure one-way travel zone established between the two countries Qantas and its subsidiary Jetstar today operated their first flights between Sydney and Auckland in part of the program, which allows eligible passengers to travel from New Zealand and without the need to quarantine

The Danish and Swedish governments have each agreed to increase their stake in SAS to 218% under the Scandinavian carrier’s SKr14 25 billion ($ 1.6 billion) recapitalization plan, now finalized SAS obtained approval from both governments in August for its revised recapitalization plan, which was originally

Qantas is seeking new international destinations and a greater share of Australia’s domestic market as it emerges from the Covid-19 crisis, company executives said today The airline is keeping an eye on the potential of travel bubbles with parts of Asia, President Richard Goyder told the national airline

Southwest Airlines, the latest of the Big Four U.S. airlines to release third quarter results, posted a record loss for the period, but remains optimistic that the worst of the recession has passed and demand is rebounding

FlightGlobal is the premier source of news, data, information, knowledge and expertise for the global aviation community We provide news, data, analysis and advisory services to connect the aviation community globally and help organizations shape their business strategies, identify new opportunities and make better decisions faster

Virgin Australia Airlines, Board of Directors, Qantas, Jayne Hrdlicka

EbeneMagazine – AU – Virgin Australia Board of Directors resigns en masse



SOURCE: https://www.ebenenews.com/news/ebenemagazine-au-virgin-australia-board-resigns-en-masse/?remotepost=108276

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