Business

Virgin Australia's CEO resigns from airline

Virgin Australia's CEO resigns from airline
Virgin Australia's CEO will step down in coming weeks after the airline's sale to US private equity firm Bain Capital is finalised. (Getty)
Administrators formally sold Virgin Australia to Bain Capital after a second meeting of creditors was held in September (Getty)
The airline is not expected to shift operationally and become a 'low-cost' airline, similar to Tiger Australia. (iStock)