Hrdlicka says Virgin Australia is IPO-ready when the market opens

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Hrdlicka says Virgin Australia is IPO-ready when the market opens
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Speaking in Dubai, Jayne Hrdlicka defended the carrier from market critics who say it is losing share to its larger rival Qantas and budget airline Jetstar.

Already a subscriber?Virgin Australia chief executive Jayne Hrdlicka says the airline is ready to list on the ASX as soon as financial markets reopen, as she prepares to hand over the top job and the task of convincing fund managers to buy-in.

“That’s a matter for our shareholders . But I would say that part of the challenge of Virgin Australia had in the past was a lot of complexity on its register. We have learned from every element of our past to ensure that we don’t make those same mistakes twice,” Ms Hrdlicka said.

“We’re not out trying to influence analysts. We’re letting the market do what the market’s doing. They’re hearing one side of the story, and they’re hearing that from our competition, so of course it’s not going to be balanced.”

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