Virgin Australia (VA, Brisbane International) is expected to relist on the Australian Stock Exchange by the end of June after institutional investors committed to covering the bulk of the planned AUD685 million Australian dollar (USD446 million) initial public offering that will see controlling shareholder Bain Capital and its partners reduce their stake to 40%.

A combination of ongoing strong domestic travel demand, a buoyant share price at domestic competitor Qantas (QF, Sydney Kingsford Smith…

Source: ch aviation
Read more: Investors back Virgin Australia IPO, heavily subscribed