Virgin Australia CEO Paul Scurrah has stepped down from his role after the airline reported $349million in losses during a turbulent year. The crisis pushed Virgin into voluntary administration in April owing $6.8 billion, with its sale to Bain finalised last month. Unions have suspended discussions about enterprise agreements with Virgin Australia following news of Mr Scurrah's exit. The Transport Workers Union (TWU) concerns about Ms Hrdlicka taking over due to her previous workers policies and have called for an urgent meeting to discuss the future of Virgin Australia. When it was forced into voluntary administration in April, the airline's woes attracted a pack of private equity firms and other parties keen to acquire the airline before Bain Capital came out on top.

Source: Daily Mail October 15, 2020 01:21 UTC