Sydney, Australia – 24 June 2025: Virgin Australia Holdings Limited (Virgin Australia) has officially landed on the Australian Securities Exchange (ASX), listing under the ticker code VGN and marking a significant milestone in its transformation and growth.

The A$685 million Initial Public Offering (IPO) represents 30.2% of the company’s shares on issue, with the remaining equity retained by its pre-existing ownership group, which includes Bain Capital, Qatar Airways Group, Virgin Group, and Queensland Investment Corporation. Shares were priced at A$2.90, valuing Virgin Australia at approximately A$2.3 billion.

The listing follows the successful completion of the offer period and strong demand from both domestic and international institutional and retail investors.

Commentary from Virgin Australia Chair, Peter Warne:
“Today marks the beginning of an exciting new chapter for Virgin Australia as a publicly listed company,” he said. “Our listing reflects the remarkable work undertaken over the past five years to transform the airline and position it for long-term success. It’s great news not just for our people, but also for the travellers who rely on Virgin Australia being a strong, resilient, and competitive airline.”

Commentary from Virgin Australia CEO, Dave Emerson:
“Virgin Australia is entering its next phase with a clear strategy, simplified operating and commercial models, and an amazing team of people who bring Wonderful to flying every day,” he said. “We are proud of how far we have come and energised by the opportunities ahead as we continue to realise our ambition of being Australia’s most loved airline.”

In recognition of their vital contribution to Virgin Australia’s success, eligible team members will receive a Take-Off Grant of A$3,000 in share rights, which will convert to ordinary shares after a 24-month vesting period, provided they remain employed by the Virgin Australia Group.

Virgin Australia is Australia’s second-largest airline group, operating a fleet of more than 100 aircraft across 76 domestic and short-haul international routes. The airline is supported by Velocity Frequent Flyer, one of the largest loyalty programs in Australia. Through its partnerships with global airlines, customers can access over 650 destinations worldwide. This month, Virgin Australia also commenced long-haul services between Australia and Doha under a wet-lease arrangement with Qatar Airways.

Virgin Australia shares are currently trading on a conditional and deferred settlement basis, with normal settlement trading expected to begin on 26 June 2025.