Richard Branson's Virgin Galactic just announced that it would sell up to 25 million of its shares to support the company's struggling travel businesses, such as Virgin Atlantic. Support Virgin Unite. Evan is a seasoned private equity investor and operator, having invested and participated in global private equity and M&A over the last 20 years, working previously at TPG Capital. Shai and the team are keenly focused on Virgin Atlantic and Virgin Holidays together becoming the most loved travel company. Virgin Australia CEO & Managing Director, Paul Scurrah. Susan Schneider was the former General Manager of Legal and Compliance at Virgin Australia. The airline primarily focused on operating low-fare service between cities on the West Coast and other major metropolitan areas, with higher quality service. Ian holds responsibility across various functions within Virgin Management. What do Richard Branson, Playboy and the owner of Aston Villa Football club have in common? BOSTON, MA, Mon July 27, 2020 – John Thomas, the former Group Executive (CEO) of Virgin Australia Airlines, has joined Spike Aerospace Executive Team, to help introduce the company’s supersonic jet to the world’s major airlines. This came nearly six months after the airline went into administration on 21 April 2020 with debts of $6.8 billion, and just weeks after flights were grounded as a result of the COVID-19 global pandemic. Branson suspended talks with Saudi Arabia over a proposed $1 billion investment into Virgin Galactic after the disappearance of journalist Jamal Khashoggi in 2018. Sir Richard Branson’s Virgin Group has moved to deny reports his Virgin Atlantic airline has filed for bankruptcy, as widely reported in the U.K. media. “Sir Richard Branson’s net worth is $3.8 billion. Mission impossible is one way to describe the challenge for incoming Virgin Australia chief executive Jayne Hrdlicka. Prior to the demerger, Amy spent 10 years working with the CWG telecoms business. Branson is unwilling to fund Virgin Atlantic or provide a loan he may not see repaid. Speaking at the CAPA Centre for Aviation online event on Wednesday, the newly appointed Virgin Australia CEO Jayne Hrdlicka said during the aviation market rebuild, Australians should expect a string of competitive prices. I didn’t plan it that way but I’ve had some amazing opportunities (like the chance to spend a week with Richard Branson) that I just couldn’t turn down. Global shipping firms and industry bodies have not offered islanders any assistance over past 26 days. Virgin Atlantic CEO Shai Weiss was one of the featured airline CEOs on CAPA Live on 11-Nov-2020.. Sir Richard Branson has finally joined the billionaire space race after Virgin Orbit reached low earth orbit today at the second attempt. Save 10% on select domestic and international flights. Virgin Australia CEO Paul Scurrah has left the airline just weeks after receiving the blessing of new owner Bain Capital. Meet the new Virgin Australia CEO, former Jetstar exec, Jayne Hrdlicka. Virgin Australia’s new CEO has said it will be “irresistible” to fly again, as the airline aims to regain marketshare under new ownership. What are Richard Branson's five secrets to delegation? He will be replaced by former Jetstar boss Jayne Hrdlicka. © 2021 Forbes Media LLC. With small satellite launch start-up Virgin Orbit pencilled-in to blast off this Sunday, Branson and his team have high-hopes for a better start to 2021. Virgin Australia CEO steps down. He is responsible for the Group’s strategic development and licensing of the Virgin brand globally, the management of direct investments on behalf of the Virgin Group and Branson family. Shai Weiss, CEO: Umsatz: 2,8 Milliarden € Fluggastaufkommen: 5,5 Millionen (2012) Vielfliegerprogramm: Flying Club Flottenstärke: 38 (+ 19 Bestellungen) Ziele: international Website: www.virgin-atlantic.com: Virgin Atlantic Airways ist eine britische Fluggesellschaft mit Sitz in Crawley und Basis auf dem Flughafen London Heathrow. Virgin Atlantic Airways Ltd. will eliminate 1,150 more jobs to preserve its rescue funding as demand for long-distance flights remains depressed and Britain winds down its worker furlough program. Virgin's share register is dominated by large shareholders including Etihad Airways, Singapore Airlines, China's HNA Group, Nanshan Group, which each … There are currently temporary terminal changes at London Heathrow and a number of other airports that we fly from - find out more. Mission impossible is one way to describe the challenge for incoming Virgin Australia chief executive Jayne Hrdlicka. Most recently Mr. Thomas was CEO (and AOC holder/accountable executive) of Virgin Australia Airlines, a $US3bn turnover airline with aircraft ranging from B777-300ERs down to ATR72s. Australians might not be able to travel overseas on a Virgin Australia flight for the next three years, the airline's boss has predicted. More bad news for the British billionaire, who could use some good news these days. That is now confirmed. And if the former Bain Capital analyst and Jetstar chief can pull off the re-invention of Virgin Australia into a hybrid airline, embraced by its 11 million frequent flyers and 6000 staff she will be crowned airline executive of the year. After achieving medical and physiology degrees and realising her dream of working as a doctor, joined the Virgin Group as a member of the leadership team in 2008. Virgin Atlantic cuts CEO pay as airline industry predicts $113 billion hit from coronavirus Published: March 6, 2020 at 10:50 a.m. The son of a barrister and flight attendant, Branson got his start with a mail-order record business some 50 years ago. Andrew Swaffield is the Chief Commercial Officer for the Virgin Group and Chief Executive Officer for Virgin Red – the rewards club for Virgin customers. Josh Bayliss has been CEO of the Virgin Group since 2011. Mr. Thomas also serves on the board of directors of Icelandair and Sky Service (the largest FBO and corporate aviation operator in Canada). The sole U.S. private passenger rail service is terminating its licensing deal with Virgin and plans to operate under the Brightline name. Holly Branson is the Chief Purpose and Vision Officer on the Virgin leadership team, Chair of Virgin Unite, and Founder and Trustee of Big Change. Virgin Australia has just announced that Paul Scurrah has been appointed as the carrier’s new CEO and Managing Director, to commence in the role from March 25, 2019, which will be the same day that current CEO John Borghetti steps down, nine months earlier than originally planned. New Virgin Australia CEO Jayne Hrdlicka has worked around airlines since 2010. Our senior team has over 65 years collective investment and operational experience at Virgin. Amy joined the Group in September 2016, having spent the three previous years as a Non-Executive Director in roles spanning plc, not for profit and government. All Rights Reserved. Outgoing CEO says airline 'in good hands' Mr Scurrah said his time as Virgin CEO during the past 18 months had been "the most challenging time in aviation history". Branson is getting into the cruise business with Virgin Voyages, expected to take its first passengers in 2020. In an interview with CAPA Chief Financial Analyst, Jonathan Wober, Mr Weiss explained how he is drawing on all his business experience to navigate a course for Virgin Atlantic through the pandemic. Now, Ms Hrdlicka is back on familiar turf and … Earn travel credits when you spend $20,000 or more on eligible flights Paul Scurrah’s departure signals a possible new direction for the carrier BY Rachel Ranosa 17 Oct 2020. Virgin Australia will be a ‘hybrid’ airline, offering great value to customers by delivering a distinctive Virgin experience at competitive prices. Richard Branson owes his fortune to a conglomerate of businesses bearing the "Virgin" brand name, including Virgin Atlantic and Virgin Galactic. There are 8571 employees in Virgin Airlines. But within the industry, Ms Hrdlicka is a familiar and longstanding corporate figure. Evan Lovell is the Chief Investment Officer of the Virgin Group and is responsible for managing the Virgin Group’s investments globally and its portfolio in North America. She dedicates her time to her passions: people, purpose and the future of work. Virgin Australia chief executive Paul Scurrah is reported to be in the departure lounge according to industry sources in Brisbane as the airline tries to defend serving an 80 cent tub of noodles to a $2500 business class passenger. Josh was previously a Senior Associate at leading international law firm Slaughter and May. Josh was previously a Senior Associate at leading international law firm Slaughter and May. Virgin Atlantic CEO Shai Weiss has urged authorities in the UK and US to prioritize the launch of a travel corridor between the countries to help revive transatlantic routes. America's Top Givers: The 25 Most Philanthropic Billionaires, EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Reflect, Renew & Reset: How 2020 Can Make 2021 Better, Richard Branson’s Net Worth Plunges $200 Million As Pandemic Grounds Virgin Galactic Spaceflight, Richard Branson Jumps In On Billionaire SPAC Gold Rush: Virgin Hopes To Raise $480 Million With NYSE Listing, Virgin Orbit Seeking Over $100 Million As ‘Jaw Dropping’ Costs Mount And Small Satellite Market Narrows, Inside Virgin Orbit, Richard Branson’s Small Satellite Bid To Match Musk And Bezos In The Billionaire Space Race, Billionaire Sir Richard Branson’s Three-Year Fight Against ‘Fake Sites And Fraudsters’ Online, Sir Richard Branson Calls For Big Changes In Global Shipping Following Mauritius Oil Disaster, High-Speed Rail Startup Brightline Ends Alliance With Richard Branson’s Virgin, Multibillionaire Sir Richard Branson’s Virgin Atlantic Files For Chapter 15 Bankruptcy Protection, Richard Branson’s Team Dismiss Bankruptcy Reports – It’s All Part Of The Plan, Says Virgin Atlantic, Richard Branson, Lost In Space: Billionaire To Sell Virgin Galactic Shares As Cost Of Coronavirus Mounts, Richard Branson Doesn’t Need Virgin Atlantic, Virgin Australia Or An Airline Empire. Shai Weiss is Chief Executive Officer at Virgin Atlantic and an Executive Director of the Virgin Atlantic board. They’ve all made big moves in the “blank check” market this week. Find our best fares on your next flights to the US and beyond, with a fantastic choice of food, drinks, award winning entertainment and onboard WiFi. Virgin Australia CEO Paul Scurrah has stepped down from his role after the airline reported $349million in losses during a turbulent year. My biggest weakness in life is that I can't say no. This 18 month notice period is to allow the airline plenty of transition time to both find and appoint a new CEO, as well as presumably have some cross-over period for the new leader to get up to speed before John finally leaves. Former Virgin Australia CEO John Borghetti has defended his strategy which took the airline from the low-cost Virgin Blue to a full-service and full-throated Qantas competitor, saying his ambitious "game change" plan was the only way to ensure the airline's success. Virgin CEO Jayne Hrdlicka talks future of airline After being shuttered for months, Virgin Australia’s business class lounges are finally returning but there’s a few key things missing. The news comes as analysts suggest that Bain Capital will take the airline further down market […] But the previously cheery relationship between the old management team and … “Spike Aerospace’s vision for supersonic flight is tremendously compelling and ideally suited for all the major international airlines. The change comes amid reports that Bain seeks to attract more travelers with a “hybrid” strategy. Our timeline. Before joining Virgin Media Ireland as CEO in 2015, Tony spent a decade at Telefonica where he was Chief Commercial Officer of Telefonica Deutschland from 2013, and CEO of O2 Ireland from 2011. Virgin Australia CEO Paul Scurrah has resigned and will leave the airline when new owner Bain Capital formally takes ownership early next month. It will close lounges in Darwin, Cairns and Mackay, … The British billionaire’s mother lived a remarkable life, including helping her son found the Virgin Group. Chief Executive Officer, Virgin Media Ireland. Peter has over 40 years’ experience in investment banking and business management. “It will have never have been … Billionaire Sir Richard Branson is set to sell as much as $400 million his of shares in Virgin Galactic as the mounting cost of the coronavirus pandemic threatens to cripple his business empire. Virgin Australia’s days as a full-service airline are set to end with the departure of chief executive Paul Scurrah, exposing Australians to a new style of carrier pioneered in the US.. Jayne Hrdlicka, who started in the role of Virgin Australia Group CEO on Wednesday, has launched a strategic review of the airline's business class offering as well as its in-flight WiFi and entertainment. Virgin's long-standing CEO John Borghetti, who has led the airline since 2010, announced in June last year he would leave by the end of 2019. Our story begins in 1967 when Richard launched Student magazine, aged 15. All Rights Reserved, Photo by Don Arnold/WireImage/Getty Images, Reflects change since 5 PM ET of prior trading day. The change comes amid reports that Bain seeks to attract more travelers with a “hybrid” strategy. Resignation. Josh Bayliss has been CEO of the Virgin Group since 2011. Former Virgin CEO Paul Scurrah hands over to Jayne Hrdlicka, 'cheering from the sidelines' for airline's success . Alaska Air acquired his Virgin America airline in 2016, a move he opposed but didn't have the votes to stop. Peter Norris is the Chairman of the Virgin Group, a position he took up in 2009. Virgin Australia is unlikely to return to international skies with large twin-aisle Airbus or Boeing jets until the later half of 2022, says CEO Jayne Hrdlicka. He primarily lives on a luxe British Virgin Islands retreat, Necker Island, which he bought for $180,000 in 1978. Branson is unwilling to fund Virgin Atlantic or provide a loan he may not see repaid. ET The fifty-something made her name running Jetstar before leaving to work briefly in a different industry. Andrew joined the Virgin Group in 2018. It plans to continue operations while the airline restructures. 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