Reuters –
SINGAPORE (Reuters) – Under CEO John Borghetti, Virgin Australia Holdings Ltd (VAH.AX) transformed from a budget airline into a serious rival to Qantas Airways Ltd (QAN.AX) with the backing of strategic investors including Singapore Airlines Ltd and China’s HNA Group.
The support, however, came at a price – a shareholder register dominated by airline partners with competing interests and a sometimes fractured board.
Borghetti, only the second CEO since the company began operations in 2000, has announced plans to depart, leaving open one of the toughest jobs in aviation.Read more…
