Air Niugini CEO and former Qantas executive Alan Milne says Virgin Australia has an opportunity to reinvent itself and "come out with a leaner and meaner model". Virgin Australia’s administrator Deloitte revealed final bids were submitted from Bain Capital and Cyrus Capital Partners and has a week to decide which plan to adapt for its relaunch.
Mr Milne told Sky News Virgin Australia had a good CEO in Paul Scurrah, whom both Bain and Cyrus said they would keep on board. “The biggest concern I have at the moment with the Virgin model is speed to market, as the domestic travel restrictions start to be lifted, Qantas is taking advantage of that very quickly,” he said. “Qantas is going to take advantage of this opportunity and Virgin need to be there as well to start that competitive tension with Qantas again.
Profitability and commercial viability is critical to competing and kicking competition arse