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  /  Hospitality   /  Virgin Australia Will Cut 3,000 Jobs Under Revamp by New Owner Bain Capital

Virgin Australia Will Cut 3,000 Jobs Under Revamp by New Owner Bain Capital

Brendon Thorne  / Bloomberg

Virgin Australia continues to suspend flights to Los Angeles and Tokyo. Brendon Thorne / Bloomberg

Skift Take: This exit out of voluntary administration is being described as a “resetting” under Bain Capital. Apart from the famous red brand, Virgin Australia stands to be unrecognizable after such a restructuring.

— Matthew Parsons

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